Riley Exploration Permian, Inc. (NYSE:REPX) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) by 5,545.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,099 shares of the company's stock after purchasing an additional 26,619 shares during the quarter. GAMMA Investing LLC owned approximately 0.13% of Riley Exploration Permian worth $790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Riley Exploration Permian during the 4th quarter worth $33,000. Summit Investment Advisors Inc. boosted its stake in Riley Exploration Permian by 44.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,189 shares of the company's stock worth $38,000 after purchasing an additional 368 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Riley Exploration Permian during the 4th quarter worth $77,000. Travelers Companies Inc. acquired a new stake in Riley Exploration Permian during the 4th quarter worth $80,000. Finally, Quantbot Technologies LP acquired a new stake in Riley Exploration Permian during the 4th quarter worth $110,000. Institutional investors and hedge funds own 58.91% of the company's stock.

Insider Transactions at Riley Exploration Permian

In other news, CEO Bobby Riley sold 5,500 shares of Riley Exploration Permian stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $28.65, for a total transaction of $157,575.00. Following the transaction, the chief executive officer now owns 414,636 shares in the company, valued at $11,879,321.40. The trade was a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Philip A. Riley sold 1,759 shares of Riley Exploration Permian stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $51,310.03. Following the transaction, the chief financial officer now owns 188,172 shares in the company, valued at approximately $5,488,977.24. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,977 shares of company stock worth $876,949 in the last quarter. Company insiders own 4.70% of the company's stock.

Riley Exploration Permian Price Performance

REPX traded up $0.28 on Friday, hitting $28.02. 107,173 shares of the company's stock were exchanged, compared to its average volume of 104,079. 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 current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $26.40 and a 200-day moving average price of $29.73. The stock has a market cap of $617.08 million, a price-to-earnings ratio of 4.97 and a beta of 1.54.

Riley Exploration Permian Dividend Announcement

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

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.