Steamboat Capital Partners LLC Takes $2.76 Million Position in Big Sky Industrial Inc. Common Stock $BSIN

Key Points

• Steamboat Capital Partners acquired 2.51 million shares of Big Sky Industrial, valued at approximately $2.76 million, giving it a 4.79% stake.
• Analyst sentiment is mixed: two analysts rate the stock Buy, one Hold, and one Sell, resulting in a consensus Hold rating and a $2.75 price target.
• BSIN opened at $1.52, while its latest quarterly results showed a $0.04-per-share loss—better than estimates—and revenue of $2.13 million; analysts expect a full-year loss of $0.23 per share.

Steamboat Capital Partners LLC purchased a new position in shares of Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,512,075 shares of the energy company's stock, valued at approximately $2,763,000. Steamboat Capital Partners LLC owned 4.79% of Big Sky Industrial Inc. Common Stock at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in Big Sky Industrial Inc. Common Stock in the third quarter valued at about $26,000. State Street Corp increased its position in shares of Big Sky Industrial Inc. Common Stock by 49.6% during the fourth quarter. State Street Corp now owns 47,371 shares of the energy company's stock valued at $44,000 after acquiring an additional 15,700 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Big Sky Industrial Inc. Common Stock in the 3rd quarter valued at approximately $54,000. XTX Topco Ltd lifted its holdings in shares of Big Sky Industrial Inc. Common Stock by 61.5% in the 2nd quarter. XTX Topco Ltd now owns 44,841 shares of the energy company's stock worth $63,000 after acquiring an additional 17,080 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of Big Sky Industrial Inc. Common Stock in the 1st quarter worth approximately $71,000. 3.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Johnson Rice upgraded shares of Big Sky Industrial Inc. Common Stock from an "accumulate" rating to a "buy" rating and set a $2.00 target price for the company in a report on Monday, August 17th. Zacks Research upgraded Big Sky Industrial Inc. Common Stock from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Weiss Ratings upgraded Big Sky Industrial Inc. Common Stock from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Big Sky Industrial Inc. Common Stock currently has a consensus rating of "Hold" and a consensus price target of $2.75.

Big Sky Industrial Inc. Common Stock Stock Down 1.3%

Shares of NASDAQ:BSIN opened at $1.52 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $79.79 million, a PE ratio of -5.43 and a beta of 0.78. The firm's 50-day moving average is $1.31 and its two-hundred day moving average is $1.10. Big Sky Industrial Inc. Common Stock has a 1 year low of $0.66 and a 1 year high of $1.62.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The energy company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Big Sky Industrial Inc. Common Stock had a negative net margin of 156.23% and a negative return on equity of 34.42%. The business had revenue of $2.13 million for the quarter, compared to analysts' expectations of $2.04 million. Analysts predict that Big Sky Industrial Inc. Common Stock will post -0.23 EPS for the current year.

About Big Sky Industrial Inc. Common Stock

U.S. Energy Corp. NASDAQ: USEG is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company's activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.

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