TFG Asset Management GP Ltd Has $51.82 Million Position in Kolibri Global Energy Inc. (NASDAQ:KGEI)

TFG Asset Management GP Ltd raised its position in Kolibri Global Energy Inc. (NASDAQ:KGEI - Free Report) by 37.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,739,635 shares of the company's stock after purchasing an additional 2,669,067 shares during the period. Kolibri Global Energy comprises about 12.8% of TFG Asset Management GP Ltd's investment portfolio, making the stock its 2nd largest position. TFG Asset Management GP Ltd owned about 27.47% of Kolibri Global Energy worth $51,815,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Truffle Hound Capital LLC acquired a new stake in shares of Kolibri Global Energy during the 4th quarter worth $2,660,000. 683 Capital Management LLC acquired a new position in Kolibri Global Energy in the 4th quarter worth $364,000. Finally, Millennium Management LLC boosted its holdings in Kolibri Global Energy by 47.0% in the fourth quarter. Millennium Management LLC now owns 62,992 shares of the company's stock valued at $335,000 after purchasing an additional 20,135 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Kolibri Global Energy Stock Down 2.3%

Shares of Kolibri Global Energy stock traded down $0.15 during trading on Wednesday, reaching $6.28. The company had a trading volume of 43,009 shares, compared to its average volume of 57,849. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $222.85 million, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.81 and a beta of 0.13. Kolibri Global Energy Inc. has a fifty-two week low of $2.85 and a fifty-two week high of $9.89. The firm's fifty day moving average is $7.05 and its 200-day moving average is $6.41.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Kolibri Global Energy had a net margin of 31.60% and a return on equity of 9.18%. The company had revenue of $16.37 million for the quarter, compared to analysts' expectations of $25.32 million. On average, analysts anticipate that Kolibri Global Energy Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

Separately, Roth Mkm lifted their price target on shares of Kolibri Global Energy from $6.75 to $11.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th.

Kolibri Global Energy Profile

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.