R Squared Ltd Makes New $37,000 Investment in Genie Energy Ltd. (NYSE:GNE)

R Squared Ltd purchased a new position in shares of Genie Energy Ltd. (NYSE:GNE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,380 shares of the oil and gas producer’s stock, valued at approximately $37,000.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Genie Energy during the fourth quarter worth $107,000. Barclays PLC boosted its position in shares of Genie Energy by 234.6% during the 3rd quarter. Barclays PLC now owns 20,617 shares of the oil and gas producer’s stock worth $334,000 after purchasing an additional 14,455 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Genie Energy in the 3rd quarter valued at about $433,000. Marshall Wace LLP acquired a new stake in shares of Genie Energy in the 2nd quarter valued at about $537,000. Finally, Algert Global LLC increased its position in Genie Energy by 190.1% in the 2nd quarter. Algert Global LLC now owns 39,798 shares of the oil and gas producer’s stock valued at $582,000 after buying an additional 26,078 shares in the last quarter. Institutional investors and hedge funds own 49.15% of the company’s stock.

Genie Energy Price Performance

Shares of NYSE:GNE opened at $14.34 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. Genie Energy Ltd. has a 52-week low of $13.94 and a 52-week high of $19.72. The business’s 50 day simple moving average is $14.90 and its two-hundred day simple moving average is $15.83. The firm has a market cap of $390.05 million, a P/E ratio of 102.44 and a beta of 0.07.

Genie Energy (NYSE:GNE) last issued its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter. Genie Energy had a return on equity of 21.48% and a net margin of 0.80%. The company had revenue of $111.92 million for the quarter.

Genie Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Tuesday, November 12th. Genie Energy’s payout ratio is presently 214.30%.

Insider Buying and Selling

In related news, CFO Avi Goldin sold 7,300 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total value of $112,566.00. Following the completion of the sale, the chief financial officer now directly owns 127,699 shares of the company’s stock, valued at approximately $1,969,118.58. This represents a 5.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.50% of the stock is currently owned by company insiders.

Genie Energy Company Profile

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.