Aegis Financial Corp Makes New Investment in Greenfire Resources Ltd. $GFR

Aegis Financial Corp bought a new position in shares of Greenfire Resources Ltd. (NYSE:GFR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 179,131 shares of the company’s stock, valued at approximately $853,000. Greenfire Resources accounts for about 0.2% of Aegis Financial Corp’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors also recently bought and sold shares of the company. BW Gestao de Investimentos Ltda. raised its stake in shares of Greenfire Resources by 95.8% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 3,296,823 shares of the company’s stock valued at $14,704,000 after acquiring an additional 1,613,198 shares during the period. MMCAP International Inc. SPC purchased a new stake in shares of Greenfire Resources in the 3rd quarter valued at approximately $1,148,000. Cibc World Market Inc. purchased a new stake in shares of Greenfire Resources in the 4th quarter valued at approximately $565,000. UBS Group AG raised its stake in shares of Greenfire Resources by 14.0% in the 3rd quarter. UBS Group AG now owns 607,419 shares of the company’s stock valued at $2,806,000 after acquiring an additional 74,522 shares during the period. Finally, Louisbourg Investments Inc. raised its stake in shares of Greenfire Resources by 12.0% in the 4th quarter. Louisbourg Investments Inc. now owns 597,344 shares of the company’s stock valued at $2,855,000 after acquiring an additional 63,965 shares during the period. 88.89% of the stock is owned by hedge funds and other institutional investors.

Greenfire Resources Trading Up 0.0%

Shares of GFR stock opened at $5.79 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.66. The stock has a market capitalization of $726.37 million, a P/E ratio of -64.35 and a beta of 0.20. The company has a 50 day moving average price of $6.02 and a 200 day moving average price of $5.63. Greenfire Resources Ltd. has a fifty-two week low of $4.10 and a fifty-two week high of $7.02.

Greenfire Resources (NYSE:GFR) last posted its quarterly earnings results on Thursday, March 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.22). Greenfire Resources had a negative return on equity of 4.20% and a negative net margin of 7.55%.The firm had revenue of $100.73 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Greenfire Resources from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Greenfire Resources presently has an average rating of “Reduce”.

Greenfire Resources Company Profile

Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a situ thermal oil recovery process to recover diluted and non- diluted bitumen. The company is headquartered in Calgary, Canada.