Algert Global LLC Has $757,000 Stake in Riley Exploration Permian, Inc. $REPX

Key Points

• Algert Global LLC reduced its stake in Riley Exploration Permian, Inc. by 26.0%, selling 9,120 shares and holding 25,947 shares valued at approximately $757,000.
• Other institutional investors, including GAMMA Investing LLC and Dimensional Fund Advisors LP, made significant purchases, increasing their stakes substantially in the first and fourth quarters.
• Riley Exploration Permian recently declared a quarterly dividend of $0.38 per share, reflecting a 5.3% yield with a payout ratio of 33.55%.

Algert Global LLC lessened its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 26.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,947 shares of the company's stock after selling 9,120 shares during the period. Algert Global LLC owned approximately 0.12% of Riley Exploration Permian worth $757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of REPX. Dimensional Fund Advisors LP raised its position in Riley Exploration Permian by 50.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company's stock valued at $9,691,000 after buying an additional 101,309 shares during the last quarter. American Century Companies Inc. grew its stake in Riley Exploration Permian by 25.8% in the first quarter. American Century Companies Inc. now owns 484,614 shares of the company's stock valued at $14,136,000 after purchasing an additional 99,273 shares in the last quarter. Nuveen LLC bought a new position in Riley Exploration Permian in the first quarter valued at approximately $926,000. Northern Trust Corp grew its stake in Riley Exploration Permian by 30.3% in the fourth quarter. Northern Trust Corp now owns 127,165 shares of the company's stock valued at $4,059,000 after purchasing an additional 29,549 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in Riley Exploration Permian in the fourth quarter valued at approximately $897,000. Institutional investors and hedge funds own 58.91% of the company's stock.

Riley Exploration Permian Stock Up 1.8%

REPX stock traded up $0.52 during mid-day trading on Thursday, reaching $29.38. The company had a trading volume of 64,830 shares, compared to its average volume of 106,550. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a 50 day simple moving average of $26.94 and a two-hundred day simple moving average of $27.64. The company has a market capitalization of $647.48 million, a price-to-earnings ratio of 5.21 and a beta of 1.49. Riley Exploration Permian, Inc. has a 52 week low of $21.98 and a 52 week high of $37.55.

Riley Exploration Permian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 24th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Thursday, July 24th. Riley Exploration Permian's payout ratio is currently 33.55%.

Insider Activity at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $26.01, for a total transaction of $390,150.00. Following the completion of the sale, the chief executive officer directly owned 399,636 shares in the company, valued at approximately $10,394,532.36. This represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Corey Neil Riley sold 3,500 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $26.42, for a total value of $92,470.00. Following the sale, the insider owned 176,700 shares of the company's stock, valued at approximately $4,668,414. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,500 shares of company stock valued at $766,420 over the last quarter. 4.70% of the stock is currently owned by corporate insiders.

Riley Exploration Permian Company Profile

Riley Exploration Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the Northwest Shelf and Yeso trend of the Permian Basin.