Greenland Energy (NASDAQ:GLND) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Greenland Energy (NASDAQ:GLND) from a sell rating to a strong sell rating in a research note issued to investors on Saturday.

Separately, ThinkEquity assumed coverage on shares of Greenland Energy in a research note on Monday, June 15th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Greenland Energy currently has a consensus rating of “Hold”.

Greenland Energy Stock Performance

Shares of NASDAQ GLND opened at $1.28 on Friday. Greenland Energy has a 52-week low of $1.10 and a 52-week high of $23.00. The company has a fifty day moving average of $2.25. The company has a market cap of $55.97 million, a P/E ratio of -32.00 and a beta of -2.45.

Greenland Energy (NASDAQ:GLND) last posted its earnings results on Thursday, August 13th. The company reported ($0.13) EPS for the quarter.

Insiders Place Their Bets

In related news, Director Larry G. Swets, Jr. acquired 15,000 shares of Greenland Energy stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of $2.56 per share, with a total value of $38,400.00. Following the completion of the purchase, the director directly owned 585,000 shares of the company’s stock, valued at $1,497,600. The trade was a 2.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased 45,000 shares of company stock worth $119,300 over the last quarter.

Hedge Funds Weigh In On Greenland Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Greenland Energy during the 2nd quarter valued at approximately $37,000. PEAK6 LLC bought a new stake in Greenland Energy in the second quarter worth $143,000. Finally, NewEdge Wealth LLC purchased a new position in Greenland Energy during the second quarter worth $33,000.

Greenland Energy Company Profile

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.