Moors & Cabot Inc. Has $331,000 Stake in San Juan Basin Royalty Trust (NYSE:SJT)

Key Points

• Moors & Cabot Inc. has reduced its holdings in San Juan Basin Royalty Trust by 71.1%, selling 146,900 shares and now owning 59,850 shares valued at $331,000.
• Institutional investors such as Principia Wealth Advisory LLC have significantly increased their positions in the trust, with Principia lifting its stake by 3,003.3% during the same period.
• The stock is currently trading at $5.96, with a 52-week price range between $3.21 and $7.22, reflecting a market cap of approximately $277.79 million.

Moors & Cabot Inc. decreased its position in shares of San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 71.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,850 shares of the oil and gas producer's stock after selling 146,900 shares during the period. Moors & Cabot Inc. owned 0.13% of San Juan Basin Royalty Trust worth $331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cannell Capital LLC grew its holdings in shares of San Juan Basin Royalty Trust by 32.0% in the 4th quarter. Cannell Capital LLC now owns 1,830,244 shares of the oil and gas producer's stock worth $7,010,000 after acquiring an additional 443,604 shares during the last quarter. Principia Wealth Advisory LLC increased its stake in San Juan Basin Royalty Trust by 3,003.3% in the 1st quarter. Principia Wealth Advisory LLC now owns 653,767 shares of the oil and gas producer's stock worth $3,354,000 after purchasing an additional 632,700 shares in the last quarter. Lesa Sroufe & Co acquired a new stake in San Juan Basin Royalty Trust during the 1st quarter worth about $1,771,000. Pingora Partners LLC lifted its stake in San Juan Basin Royalty Trust by 0.8% during the fourth quarter. Pingora Partners LLC now owns 279,688 shares of the oil and gas producer's stock valued at $1,071,000 after buying an additional 2,300 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in San Juan Basin Royalty Trust during the first quarter valued at about $1,540,000. Institutional investors own 10.42% of the company's stock.

San Juan Basin Royalty Trust Stock Up 1.1%

Shares of San Juan Basin Royalty Trust stock traded up $0.07 during trading on Friday, hitting $5.90. The stock had a trading volume of 98,552 shares, compared to its average volume of 259,770. San Juan Basin Royalty Trust has a 1 year low of $3.21 and a 1 year high of $7.22. The stock has a 50 day simple moving average of $6.13 and a 200 day simple moving average of $5.62. The company has a market capitalization of $274.76 million, a PE ratio of 294.35 and a beta of 0.68.

About San Juan Basin Royalty Trust

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest in Southland's oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico. It also owns subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net-producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico.