Genie Energy Ltd. (NYSE:GNE) CFO Sells $52,785.00 in Stock
Genie Energy Ltd. (NYSE:GNE) CFO Avi Goldin sold 8,500 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $6.21, for a total value of $52,785.00. Following the sale, the chief financial officer now directly owns 24,765 shares in the company, valued at approximately $153,790.65. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Genie Energy Ltd. (NYSE GNE) traded down 0.97% during mid-day trading on Tuesday, reaching $6.13. The company’s stock had a trading volume of 58,049 shares. The stock has a 50 day moving average of $7.15 and a 200-day moving average of $6.83. The stock’s market cap is $151.26 million. Genie Energy Ltd. has a one year low of $5.07 and a one year high of $8.31.
Genie Energy (NYSE:GNE) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported ($0.50) EPS for the quarter. The business had revenue of $52.21 million during the quarter. Genie Energy had a negative return on equity of 24.53% and a negative net margin of 18.10%. On average, equities research analysts expect that Genie Energy Ltd. will post ($0.77) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Tuesday, August 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.30 annualized dividend and a dividend yield of 4.85%. Genie Energy’s dividend payout ratio (DPR) is -14.59%.
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Separately, TheStreet cut Genie Energy from a “c-” rating to a “d+” rating in a research report on Thursday, August 3rd.
Institutional investors have recently bought and sold shares of the company. Eagle Global Advisors LLC acquired a new position in Genie Energy during the second quarter valued at approximately $111,000. Rhumbline Advisers increased its position in Genie Energy by 0.8% in the second quarter. Rhumbline Advisers now owns 16,930 shares of the oil and gas producer’s stock valued at $129,000 after buying an additional 138 shares during the period. Strs Ohio acquired a new position in Genie Energy during the second quarter valued at approximately $187,000. Schwab Charles Investment Management Inc. increased its position in Genie Energy by 2.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 30,411 shares of the oil and gas producer’s stock valued at $232,000 after buying an additional 700 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Genie Energy by 10.2% in the second quarter. Bank of New York Mellon Corp now owns 133,822 shares of the oil and gas producer’s stock valued at $1,020,000 after buying an additional 12,413 shares during the period. Institutional investors and hedge funds own 18.71% of the company’s stock.
Genie Energy Company Profile
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc and Residents Energy, Inc, and energy brokerage and marketing services.
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