James A. Courter Sells 5,000 Shares of Genie Energy Ltd. (GNE) Stock
Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of Genie Energy stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $6.53, for a total transaction of $32,650.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Genie Energy Ltd. (NYSE GNE) opened at 6.35 on Friday. Genie Energy Ltd. has a 52 week low of $5.07 and a 52 week high of $8.31. The company’s market cap is $156.69 million. The company has a 50-day moving average of $6.35 and a 200-day moving average of $6.98.
Genie Energy (NYSE:GNE) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported ($0.50) earnings per share (EPS) for the quarter. The business had revenue of $52.21 million for the quarter. Genie Energy had a negative return on equity of 25.81% and a negative net margin of 18.10%. On average, equities research analysts predict that Genie Energy Ltd. will post ($0.77) EPS for the current year.
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Separately, TheStreet downgraded shares of Genie Energy from a “c-” rating to a “d+” rating in a research note on Thursday, August 3rd.
A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Genie Energy by 21.1% during the 2nd quarter. State Street Corp now owns 180,427 shares of the oil and gas producer’s stock worth $1,375,000 after buying an additional 31,379 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Genie Energy by 62.6% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 22,797 shares of the oil and gas producer’s stock worth $173,000 after buying an additional 8,777 shares in the last quarter. PDT Partners LLC acquired a new stake in Genie Energy during the 2nd quarter worth approximately $159,000. Dimensional Fund Advisors LP lifted its holdings in Genie Energy by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 757,161 shares of the oil and gas producer’s stock worth $5,770,000 after buying an additional 35,345 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Genie Energy by 12.3% during the 2nd quarter. Vanguard Group Inc. now owns 666,711 shares of the oil and gas producer’s stock worth $5,080,000 after buying an additional 73,246 shares in the last quarter. Institutional investors own 20.70% 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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