Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of Genie Energy stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $5.62, for a total value of $28,100.00. Following the completion of the transaction, the director now owns 291,983 shares of the company’s stock, valued at approximately $1,640,944.46. The sale was disclosed in a document filed with the SEC, which is available at this link.

Genie Energy Ltd. (NYSE:GNE) traded down 1.78% on Monday, reaching $5.53. The company had a trading volume of 92,658 shares. Genie Energy Ltd. has a one year low of $5.07 and a one year high of $8.31. The company has a 50-day moving average of $6.32 and a 200 day moving average of $6.89. The stock’s market cap is $136.46 million.

Genie Energy (NYSE:GNE) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported ($0.50) earnings per share for the quarter. Genie Energy had a negative net margin of 18.10% and a negative return on equity of 25.81%. The firm had revenue of $52.21 million during the quarter. On average, equities research analysts predict that Genie Energy Ltd. will post ($0.77) EPS for the current year.

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Separately, TheStreet lowered Genie Energy from a “c-” rating to a “d+” rating in a research report on Thursday, August 3rd.

Several institutional investors and hedge funds have recently bought and sold shares of GNE. Eagle Global Advisors LLC acquired a new stake in shares of Genie Energy during the second quarter valued at $111,000. Rhumbline Advisers boosted its stake in shares of Genie Energy by 0.8% during the second quarter. Rhumbline Advisers now owns 16,930 shares of the oil and gas producer’s stock valued at $129,000 after acquiring an additional 138 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of Genie Energy during the second quarter valued at $159,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Genie Energy by 62.6% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 22,797 shares of the oil and gas producer’s stock valued at $173,000 after acquiring an additional 8,777 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Genie Energy during the second quarter valued at $187,000. 20.76% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Genie Energy (NYSE:GNE)

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