GSA Capital Partners LLP Makes New $1.66 Million Investment in Amplify Energy Corp. $AMPY

Key Points

• GSA Capital Partners acquired 415,806 shares of Amplify Energy worth approximately $1.66 million, giving it a 1.01% stake. Institutional investors collectively own 42.84% of the company.
• Amplify Energy insider James Frew purchased 25,000 shares for about $98,750, increasing his holdings by 13.03%; company insiders own 8.99% of the stock.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $9 price target after Benchmark lowered its target from $11. Amplify shares opened at $4.78, near the lower end of their 52-week range.

GSA Capital Partners LLP bought a new stake in Amplify Energy Corp. (NYSE:AMPY - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 415,806 shares of the company's stock, valued at approximately $1,655,000. GSA Capital Partners LLP owned approximately 1.01% of Amplify Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Thomist Capital Management LP grew its holdings in shares of Amplify Energy by 109.8% in the 4th quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company's stock worth $14,571,000 after acquiring an additional 1,647,130 shares during the period. Dimensional Fund Advisors LP boosted its position in Amplify Energy by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,080,268 shares of the company's stock worth $9,507,000 after purchasing an additional 8,154 shares in the last quarter. Truffle Hound Capital LLC grew its holdings in Amplify Energy by 56.2% in the fourth quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company's stock valued at $5,712,000 after purchasing an additional 450,000 shares during the last quarter. Marshall Wace LLP increased its position in shares of Amplify Energy by 76.4% in the fourth quarter. Marshall Wace LLP now owns 954,725 shares of the company's stock valued at $4,363,000 after buying an additional 413,512 shares in the last quarter. Finally, CSM Advisors LLC increased its position in shares of Amplify Energy by 14.3% in the fourth quarter. CSM Advisors LLC now owns 918,015 shares of the company's stock valued at $4,193,000 after buying an additional 114,690 shares in the last quarter. 42.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider James Frew bought 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of $3.95 per share, with a total value of $98,750.00. Following the purchase, the insider owned 216,859 shares of the company's stock, valued at $856,593.05. This trade represents a 13.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Benchmark decreased their price objective on shares of Amplify Energy from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of Amplify Energy from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Amplify Energy from a "strong sell" rating to a "hold" rating in a research report on Sunday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.00.

Amplify Energy Stock Down 0.1%

NYSE AMPY opened at $4.78 on Monday. Amplify Energy Corp. has a fifty-two week low of $3.65 and a fifty-two week high of $6.79. The business has a fifty day moving average of $4.09 and a 200-day moving average of $5.05. The stock has a market cap of $197.97 million, a price-to-earnings ratio of 10.61 and a beta of -0.17.

About Amplify Energy

Amplify Energy Corp NYSE: AMPY is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company's operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.

The company's asset portfolio is concentrated along the U.S.

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