GAMMA Investing LLC Has $790,000 Stock Position in Riley Exploration Permian, Inc. (NYSE:REPX)

GAMMA Investing LLC raised its stake in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 5,545.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,099 shares of the company's stock after purchasing an additional 26,619 shares during the quarter. GAMMA Investing LLC owned 0.13% of Riley Exploration Permian worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in REPX. New York State Teachers Retirement System acquired a new stake in Riley Exploration Permian during the fourth quarter valued at approximately $33,000. Summit Investment Advisors Inc. boosted 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 worth $38,000 after acquiring an additional 368 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Riley Exploration Permian in the 4th quarter worth approximately $77,000. Travelers Companies Inc. acquired a new position in shares of Riley Exploration Permian in the 4th quarter worth approximately $80,000. Finally, Quantbot Technologies LP acquired a new position in shares of Riley Exploration Permian in the 4th quarter worth approximately $110,000. 58.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Riley Exploration Permian

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

Riley Exploration Permian Price Performance

Shares of REPX traded up $0.28 on Friday, hitting $28.02. The company's stock had a trading volume of 107,173 shares, compared to its average volume of 102,781. The company has a market capitalization of $617.08 million, a PE 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 fifty-two week low of $21.98 and a fifty-two week high of $37.55. The company has a 50 day moving average price of $26.48 and a 200 day moving average price of $29.66.

Riley Exploration Permian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Thursday, April 24th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend was Thursday, April 24th. Riley Exploration Permian's dividend payout ratio is 32.48%.

Riley Exploration Permian 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.