CWA Asset Management Group LLC Grows Stock Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

CWA Asset Management Group LLC lifted its stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 108.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,940 shares of the company's stock after purchasing an additional 11,395 shares during the period. CWA Asset Management Group LLC owned 0.10% of Riley Exploration Permian worth $640,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. lifted its holdings in shares of Riley Exploration Permian by 44.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock valued at $38,000 after acquiring an additional 368 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Riley Exploration Permian by 2.3% during the fourth quarter. Rhumbline Advisers now owns 16,867 shares of the company's stock valued at $538,000 after acquiring an additional 380 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Riley Exploration Permian by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 28,067 shares of the company's stock valued at $819,000 after buying an additional 434 shares during the period. GAMMA Investing LLC increased its holdings in Riley Exploration Permian by 93.5% during the first quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $27,000 after buying an additional 449 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in Riley Exploration Permian by 2.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 20,088 shares of the company's stock valued at $641,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 58.91% of the company's stock.

Insider Activity

In other news, insider Corey Neil Riley sold 1,537 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $44,834.29. Following the sale, the insider now directly owns 183,700 shares in the company, valued at $5,358,529. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bobby Riley sold 15,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $27.92, for a total value of $418,800.00. Following the transaction, the chief executive officer now directly owns 424,636 shares of the company's stock, valued at $11,855,837.12. The trade was a 3.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,977 shares of company stock valued at $876,949 over the last ninety days. 4.70% of the stock is currently owned by insiders.

Riley Exploration Permian Stock Up 1.0%

NYSE REPX traded up $0.28 on Friday, hitting $28.02. The stock had a trading volume of 107,173 shares, compared to its average volume of 102,781. The business's fifty day moving average price is $26.48 and its 200 day moving average price is $29.66. The stock has a market cap of $617.08 million, a price-to-earnings ratio of 4.97 and a beta of 1.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64. 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 declared a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend was Thursday, April 24th. Riley Exploration Permian's payout ratio is presently 32.48%.

About Riley Exploration Permian

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.