Insider Buying: SilverBow Resources Inc. (SBOW) CFO Buys $17,112.00 in Stock
SilverBow Resources Inc. (NYSE:SBOW) CFO Riet Gerald Gleeson Van purchased 800 shares of SilverBow Resources stock in a transaction dated Thursday, August 31st. The shares were acquired at an average cost of $21.39 per share, for a total transaction of $17,112.00. Following the transaction, the chief financial officer now directly owns 39,094 shares of the company’s stock, valued at approximately $836,220.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Riet Gerald Gleeson Van also recently made the following trade(s):
- On Monday, July 31st, Riet Gerald Gleeson Van bought 677 shares of SilverBow Resources stock. The stock was purchased at an average cost of $25.50 per share, for a total transaction of $17,263.50.
- On Friday, June 30th, Riet Gerald Gleeson Van bought 636 shares of SilverBow Resources stock. The stock was purchased at an average cost of $27.00 per share, for a total transaction of $17,172.00.
Shares of SilverBow Resources Inc. (NYSE SBOW) traded down 1.24% during mid-day trading on Friday, reaching $22.27. 28,448 shares of the company traded hands. The firm’s 50 day moving average price is $22.77 and its 200-day moving average price is $25.98. The company has a market capitalization of $256.68 million and a P/E ratio of 0.55. SilverBow Resources Inc. has a 52-week low of $19.89 and a 52-week high of $35.70.
Institutional investors and hedge funds have recently made changes to their positions in the business. Matlinpatterson Global Advisers LLC acquired a new stake in shares of SilverBow Resources during the 2nd quarter valued at approximately $9,405,000. Spark Investment Management LLC acquired a new stake in SilverBow Resources in the second quarter worth $279,000. Kornitzer Capital Management Inc. KS acquired a new stake in SilverBow Resources in the second quarter worth $862,000. Schwab Charles Investment Management Inc. acquired a new stake in SilverBow Resources in the second quarter worth $309,000. Finally, SG Americas Securities LLC acquired a new stake in SilverBow Resources in the second quarter worth $148,000. 31.00% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on SBOW shares. Seaport Global Securities started coverage on shares of SilverBow Resources in a report on Tuesday, August 1st. They issued a “neutral” rating and a $25.00 target price on the stock. Johnson Rice started coverage on shares of SilverBow Resources in a report on Thursday, June 8th. They issued a “buy” rating on the stock.
About SilverBow Resources
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