Genie Energy Ltd. (NYSE:GNE) CFO Avi Goldin Sells 8,500 Shares
Genie Energy Ltd. (NYSE:GNE) CFO Avi Goldin sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $6.21, for a total transaction of $52,785.00. Following the sale, the chief financial officer now owns 24,765 shares in the company, valued at $153,790.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Genie Energy Ltd. (GNE) opened at 6.06 on Thursday. Genie Energy Ltd. has a 1-year low of $5.07 and a 1-year high of $8.31. The stock’s market capitalization is $149.54 million. The company’s 50 day moving average is $6.88 and its 200-day moving average is $6.82.
Genie Energy (NYSE:GNE) last announced its earnings results on Thursday, August 3rd. The oil and gas producer reported ($0.50) EPS for the quarter. The company had revenue of $52.21 million for the quarter. Genie Energy had a negative net margin of 18.10% and a negative return on equity of 24.53%. Equities analysts anticipate that Genie Energy Ltd. will post ($0.77) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.30 annualized dividend and a dividend yield of 4.94%. Genie Energy’s payout ratio is currently -14.59%.
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Separately, TheStreet lowered shares of Genie Energy from a “c-” rating to a “d+” rating in a research note on Thursday, August 3rd.
Large investors have recently made changes to their positions in the stock. Eagle Global Advisors LLC bought a new stake in shares of Genie Energy during the second quarter valued at approximately $111,000. Rhumbline Advisers increased its stake in shares of 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 last quarter. Strs Ohio bought a new stake in shares of Genie Energy during the second quarter valued at approximately $187,000. Schwab Charles Investment Management Inc. increased its stake in shares of 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 last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 last quarter. 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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