Quantbot Technologies LP Invests $1.61 Million in BKV Corporation $BKV

Key Points

• Quantbot Technologies LP has acquired a new position in BKV Corporation by purchasing 76,444 shares valued at approximately $1.6 million, representing 0.09% ownership of the company.
• Recent hedge fund activity includes Geode Capital Management LLC and Driehaus Capital Management LLC making significant purchases, with Geode investing $7.7 million and Driehaus investing $9.5 million in BKV.
• BKV Corporation reported earnings of $0.39 per share, exceeding analysts' estimates, alongside revenue of $322.04 million, indicating strong financial performance.

Quantbot Technologies LP purchased a new position in shares of BKV Corporation (NYSE:BKV - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 76,444 shares of the company's stock, valued at approximately $1,605,000. Quantbot Technologies LP owned approximately 0.09% of BKV as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKV. Geode Capital Management LLC acquired a new position in BKV during the 4th quarter worth approximately $7,728,000. Driehaus Capital Management LLC acquired a new position in BKV during the 4th quarter worth approximately $9,553,000. California State Teachers Retirement System acquired a new position in BKV during the 4th quarter worth approximately $26,000. Finally, Bank of New York Mellon Corp raised its position in shares of BKV by 21.2% in the 1st quarter. Bank of New York Mellon Corp now owns 35,453 shares of the company's stock valued at $745,000 after purchasing an additional 6,209 shares in the last quarter.

Insiders Place Their Bets

In other BKV news, insider Lindsay B. Larrick sold 10,000 shares of BKV stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $21.62, for a total value of $216,200.00. Following the sale, the insider directly owned 200,528 shares in the company, valued at approximately $4,335,415.36. The trade was a 4.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ethan Ngo sold 64,998 shares of BKV stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $23.00, for a total transaction of $1,494,954.00. Following the completion of the sale, the insider owned 112,675 shares in the company, valued at approximately $2,591,525. This represents a 36.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,098 shares of company stock worth $2,161,324. 4.11% of the stock is currently owned by insiders.

BKV Price Performance

Shares of BKV traded up $0.15 during trading hours on Wednesday, reaching $22.85. 97,188 shares of the stock traded hands, compared to its average volume of 413,587. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. BKV Corporation has a 52-week low of $15.00 and a 52-week high of $26.78. The company's 50-day moving average price is $21.94 and its two-hundred day moving average price is $21.01. The company has a market cap of $1.94 billion and a P/E ratio of -114.13.

BKV (NYSE:BKV - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.24. The company had revenue of $322.04 million for the quarter, compared to analysts' expectations of $224.05 million. BKV had a negative net margin of 2.69% and a positive return on equity of 3.21%. On average, analysts anticipate that BKV Corporation will post -1.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BKV shares. Barclays upped their target price on BKV from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Evercore ISI increased their target price on BKV from $20.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, BKV currently has an average rating of "Buy" and a consensus target price of $28.25.

BKV Profile

BKV Corporation engages in the acquisition, operation, and development of natural gas and NGL properties. It is also involved in the gathering, processing, and transportation of natural gas. The company was founded in 2015 and is based in Denver, Colorado with additional offices in Tunkhannock, Pennsylvania and Fort Worth, Texas.