SG Americas Securities LLC Sells 3,552 Shares of Granite Ridge Resources, Inc. (NYSE:GRNT)

SG Americas Securities LLC lessened its holdings in Granite Ridge Resources, Inc. (NYSE:GRNT) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,783 shares of the company’s stock after selling 3,552 shares during the quarter. SG Americas Securities LLC’s holdings in Granite Ridge Resources were worth $147,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GRNT. Ground Swell Capital LLC bought a new stake in shares of Granite Ridge Resources in the 3rd quarter valued at $66,000. The Manufacturers Life Insurance Company lifted its holdings in Granite Ridge Resources by 52.3% during the second quarter. The Manufacturers Life Insurance Company now owns 23,206 shares of the company’s stock worth $147,000 after acquiring an additional 7,965 shares during the period. PDT Partners LLC purchased a new stake in shares of Granite Ridge Resources during the 3rd quarter worth approximately $281,000. GSA Capital Partners LLP bought a new position in Granite Ridge Resources during the third quarter worth about $361,000. Finally, Janus Henderson Group PLC raised its stake in shares of Granite Ridge Resources by 40.0% during the 3rd quarter. Janus Henderson Group PLC now owns 76,549 shares of the company’s stock valued at $455,000 after purchasing an additional 21,852 shares during the period. Institutional investors own 31.56% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Luke C. Brandenberg purchased 8,495 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $6.10 per share, with a total value of $51,819.50. Following the acquisition, the chief executive officer now directly owns 109,128 shares in the company, valued at approximately $665,680.80. The trade was a 8.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tyler Farquharson purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of $6.55 per share, for a total transaction of $32,750.00. Following the acquisition, the chief financial officer now owns 86,723 shares of the company’s stock, valued at $568,035.65. This represents a 6.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 83,174 shares of company stock valued at $520,493 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Granite Ridge Resources Stock Up 3.2 %

GRNT opened at $6.25 on Tuesday. The company has a fifty day moving average price of $6.34 and a 200-day moving average price of $6.29. The firm has a market capitalization of $816.47 million, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.36 and a beta of 0.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.56. Granite Ridge Resources, Inc. has a one year low of $5.47 and a one year high of $7.10.

Granite Ridge Resources Profile

Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.