Permianville Royalty Trust (NYSE:PVL) Major Shareholder Permianville Holdings Llc Sells 41,000 Shares

Permianville Royalty Trust (NYSE:PVLGet Rating) major shareholder Permianville Holdings Llc sold 41,000 shares of the company’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $3.06, for a total transaction of $125,460.00. Following the transaction, the insider now directly owns 7,795,920 shares of the company’s stock, valued at $23,855,515.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Permianville Holdings Llc also recently made the following trade(s):

  • On Monday, January 23rd, Permianville Holdings Llc sold 40,500 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.02, for a total transaction of $122,310.00.
  • On Thursday, January 19th, Permianville Holdings Llc sold 14,628 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.02, for a total transaction of $44,176.56.
  • On Tuesday, January 17th, Permianville Holdings Llc sold 36,000 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.06, for a total transaction of $110,160.00.
  • On Thursday, January 12th, Permianville Holdings Llc sold 900 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.00, for a total transaction of $2,700.00.
  • On Monday, January 9th, Permianville Holdings Llc sold 12,003 shares of Permianville Royalty Trust stock. The shares were sold at an average price of $3.01, for a total transaction of $36,129.03.
  • On Thursday, January 5th, Permianville Holdings Llc sold 21,500 shares of Permianville Royalty Trust stock. The stock was sold at an average price of $3.05, for a total transaction of $65,575.00.
  • On Tuesday, January 3rd, Permianville Holdings Llc sold 18,500 shares of Permianville Royalty Trust stock. The stock was sold at an average price of $3.10, for a total transaction of $57,350.00.
  • On Monday, November 7th, Permianville Holdings Llc sold 2,100 shares of Permianville Royalty Trust stock. The stock was sold at an average price of $3.75, for a total transaction of $7,875.00.
  • On Friday, November 4th, Permianville Holdings Llc sold 12,240 shares of Permianville Royalty Trust stock. The stock was sold at an average price of $3.76, for a total transaction of $46,022.40.
  • On Wednesday, November 2nd, Permianville Holdings Llc sold 26,500 shares of Permianville Royalty Trust stock. The stock was sold at an average price of $3.77, for a total transaction of $99,905.00.

Permianville Royalty Trust Price Performance

PVL stock traded down $0.06 during trading on Wednesday, reaching $3.05. The company had a trading volume of 275,964 shares, compared to its average volume of 263,942. Permianville Royalty Trust has a 52 week low of $2.15 and a 52 week high of $5.79. The business has a 50 day moving average of $3.24 and a 200 day moving average of $3.39.

Permianville Royalty Trust (NYSE:PVLGet Rating) last announced its earnings results on Monday, November 14th. The company reported $0.09 earnings per share for the quarter. Permianville Royalty Trust had a net margin of 23.85% and a return on equity of 17.75%. The business had revenue of $17.12 million during the quarter.

Permianville Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.056 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 22.03%. The ex-dividend date is Monday, January 30th.

Hedge Funds Weigh In On Permianville Royalty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PVL. Virtu Financial LLC bought a new position in shares of Permianville Royalty Trust during the first quarter valued at approximately $171,000. Dorsey Wright & Associates bought a new position in shares of Permianville Royalty Trust during the second quarter valued at approximately $32,000. Sinecera Capital LLC bought a new position in shares of Permianville Royalty Trust during the second quarter valued at approximately $1,536,000. Avidian Wealth Solutions LLC bought a new position in shares of Permianville Royalty Trust during the second quarter valued at approximately $38,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Permianville Royalty Trust during the second quarter valued at approximately $312,000.

About Permianville Royalty Trust

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Permianville Royalty Trust operates as a statutory trust. It owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.

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