GeoSphere Capital Management LLC Sells 321,331 Shares of Lilis Energy Inc (LLEX)
GeoSphere Capital Management LLC lowered its position in shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) by 82.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,784 shares of the company’s stock after selling 321,331 shares during the quarter. Lilis Energy comprises 2.1% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. GeoSphere Capital Management LLC owned about 0.11% of Lilis Energy worth $363,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of LLEX. Victory Capital Management Inc. bought a new stake in Lilis Energy during the first quarter valued at $657,000. Southpaw Asset Management LP bought a new position in shares of Lilis Energy during the 1st quarter worth about $8,314,000. Millennium Management LLC bought a new position in shares of Lilis Energy during the 1st quarter worth about $135,000. Perella Weinberg Partners Capital Management LP bought a new position in shares of Lilis Energy during the 2nd quarter worth about $590,000. Finally, EAM Investors LLC bought a new position in shares of Lilis Energy during the 2nd quarter worth about $630,000.
Shares of NYSEAMERICAN LLEX opened at $5.37 on Friday. Lilis Energy Inc has a fifty-two week low of $3.10 and a fifty-two week high of $6.30.
In other Lilis Energy news, Director David M. Wood purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 28th. The shares were acquired at an average price of $5.37 per share, with a total value of $53,700.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $107,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph C. Daches purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was acquired at an average cost of $4.01 per share, for a total transaction of $120,300.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 75,000 shares of company stock worth $323,550.
Lilis Energy Profile
Lilis Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Permian Basin is approximately 19,000 acres. The company's oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.
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