Genie Energy Ltd. (GNE) Director James A. Courter Sells 5,000 Shares
Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $6.11, for a total value of $30,550.00. Following the transaction, the director now owns 406,983 shares of the company’s stock, valued at approximately $2,486,666.13. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Genie Energy Ltd. (NYSE:GNE) traded down 1.9155% during trading on Thursday, hitting $6.0322. The company had a trading volume of 21,110 shares. The stock has a 50-day moving average of $5.65 and a 200 day moving average of $6.51. Genie Energy Ltd. has a one year low of $5.07 and a one year high of $11.98. The company’s market capitalization is $148.67 million.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Monday, November 21st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.24 annualized dividend and a yield of 3.86%. Genie Energy’s dividend payout ratio is -19.51%.
Separately, TheStreet downgraded Genie Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 3rd.
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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