Man Group plc Takes $557,000 Position in Riley Exploration Permian, Inc. (NYSE:REPX)

Man Group plc purchased a new position in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,435 shares of the company's stock, valued at approximately $557,000. Man Group plc owned approximately 0.08% of Riley Exploration Permian at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in REPX. New York State Teachers Retirement System bought a new position in Riley Exploration Permian in the 4th quarter worth $33,000. Summit Investment Advisors Inc. lifted its stake in Riley Exploration Permian by 44.8% in the fourth 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 bought a new position in Riley Exploration Permian in the 4th quarter valued at $77,000. Travelers Companies Inc. purchased a new position in Riley Exploration Permian in the 4th quarter worth about $80,000. Finally, Quantbot Technologies LP bought a new stake in shares of Riley Exploration Permian during the fourth quarter valued at approximately $110,000. 58.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Riley Exploration Permian

In other news, CEO Bobby Riley sold 15,000 shares of Riley Exploration Permian stock in a transaction on 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 in the company, valued at $11,855,837.12. The trade was a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Corey Neil Riley sold 1,537 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $44,834.29. Following the transaction, the insider now directly owns 183,700 shares of the company's stock, valued at $5,358,529. The trade was a 0.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,477 shares of company stock worth $688,839. Company insiders own 4.70% of the company's stock.

Riley Exploration Permian Stock Up 0.1%

Shares of NYSE:REPX traded up $0.02 during trading hours on Friday, hitting $26.18. The company's stock had a trading volume of 21,123 shares, compared to its average volume of 96,671. Riley Exploration Permian, Inc. has a 52 week low of $21.98 and a 52 week high of $37.55. The firm's fifty day moving average price is $26.28 and its 200 day moving average price is $30.51. The company has a market capitalization of $576.54 million, a price-to-earnings ratio of 4.63 and a beta of 1.56. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Thursday, April 24th. Riley Exploration Permian's 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.