Ghisallo Capital Management LLC Invests $10.15 Million in Kimbell Royalty $KRP

Key Points

• Ghisallo Capital Management LLC acquired a new position in Kimbell Royalty, purchasing **725,000 shares** valued at approximately **$10.15 million**, representing **0.68%** of the company's stock.
• Kimbell Royalty recently reported a **quarterly earnings miss**, with earnings per share at **$0.02**, falling short of the consensus estimate of **$0.14**, despite revenue increasing by **12.9%** year-over-year.
• The company also announced a **dividend cut**, paying a quarterly dividend of **$0.38 per share**, resulting in an annualized dividend of **$1.52** and a yield of **10.9%**.

Ghisallo Capital Management LLC bought a new position in shares of Kimbell Royalty (NYSE:KRP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 725,000 shares of the energy company's stock, valued at approximately $10,150,000. Ghisallo Capital Management LLC owned 0.68% of Kimbell Royalty as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in Kimbell Royalty by 15.1% in the first quarter. American Century Companies Inc. now owns 2,542,362 shares of the energy company's stock valued at $35,593,000 after purchasing an additional 334,009 shares during the period. Epoch Investment Partners Inc. boosted its stake in shares of Kimbell Royalty by 222.8% in the first quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company's stock worth $9,414,000 after acquiring an additional 464,142 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Kimbell Royalty by 14.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 647,657 shares of the energy company's stock worth $10,511,000 after buying an additional 82,499 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Kimbell Royalty by 44.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 386,884 shares of the energy company's stock worth $5,416,000 after buying an additional 119,869 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in shares of Kimbell Royalty by 22.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 278,692 shares of the energy company's stock worth $4,523,000 after buying an additional 51,110 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KRP. Zacks Research lowered Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. KeyCorp reduced their target price on shares of Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Wall Street Zen downgraded Kimbell Royalty from a "buy" rating to a "hold" rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $17.20.

Kimbell Royalty Price Performance

Kimbell Royalty stock traded down $0.34 during midday trading on Friday, reaching $13.40. The company's stock had a trading volume of 176,980 shares, compared to its average volume of 730,107. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $16.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.45 and a current ratio of 5.45. The stock's 50 day simple moving average is $14.24 and its 200 day simple moving average is $13.75. The firm has a market capitalization of $1.45 billion, a PE ratio of -334.63 and a beta of 0.57.

Kimbell Royalty (NYSE:KRP - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.12). The firm had revenue of $86.55 million for the quarter, compared to analysts' expectations of $79.77 million. Kimbell Royalty had a return on equity of 12.56% and a net margin of 10.67%.The firm's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, equities research analysts forecast that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 18th. This represents a $1.52 annualized dividend and a yield of 11.3%. Kimbell Royalty's dividend payout ratio is -3,800.00%.

Kimbell Royalty Profile