Insider Selling: PermRock Royalty Trust (NYSE:PRT) Major Shareholder Sells $25,640.00 in Stock

PermRock Royalty Trust (NYSE:PRT – Get Rating) major shareholder Boaz Energy Ii, Llc sold 4,000 shares of PermRock Royalty Trust stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $6.41, for a total transaction of $25,640.00. Following the transaction, the insider now owns 5,210,132 shares in the company, valued at approximately $33,396,946.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Boaz Energy Ii, Llc also recently made the following trade(s):

• On Monday, March 13th, Boaz Energy Ii, Llc sold 3,400 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.82, for a total value of $23,188.00.
• On Friday, March 10th, Boaz Energy Ii, Llc sold 2,800 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.94, for a total value of $19,432.00.
• On Wednesday, March 8th, Boaz Energy Ii, Llc sold 1,500 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $6.90, for a total value of $10,350.00.
• On Monday, March 6th, Boaz Energy Ii, Llc sold 5,300 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.99, for a total value of $37,047.00.
• On Friday, March 3rd, Boaz Energy Ii, Llc sold 3,500 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $7.01, for a total transaction of $24,535.00.
• On Monday, February 27th, Boaz Energy Ii, Llc sold 4,300 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $6.83, for a total transaction of $29,369.00.
• On Thursday, February 23rd, Boaz Energy Ii, Llc sold 4,500 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $7.01, for a total transaction of $31,545.00.
• On Monday, February 13th, Boaz Energy Ii, Llc sold 4,700 shares of PermRock Royalty Trust stock. The shares were sold at an average price of $7.42, for a total transaction of $34,874.00.
• On Friday, February 10th, Boaz Energy Ii, Llc sold 5,500 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $7.46, for a total value of $41,030.00.
• On Wednesday, February 8th, Boaz Energy Ii, Llc sold 4,400 shares of PermRock Royalty Trust stock. The stock was sold at an average price of $7.40, for a total value of $32,560.00.

PermRock Royalty Trust Price Performance

Shares of PRT opened at $6.42 on Friday. The business’s 50 day moving average is $7.24 and its 200 day moving average is $7.49. PermRock Royalty Trust has a 12-month low of $6.19 and a 12-month high of $10.65.

PermRock Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 28th were given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.21%. The ex-dividend date of this dividend was Monday, February 27th.

Hedge Funds Weigh In On PermRock Royalty Trust

Several hedge funds have recently modified their holdings of PRT. UBS Group AG bought a new stake in PermRock Royalty Trust in the 1st quarter valued at $27,000. Jane Street Group LLC purchased a new position in shares of PermRock Royalty Trust during the third quarter valued at about $93,000. Morgan Stanley increased its holdings in shares of PermRock Royalty Trust by 25.3% in the fourth quarter. Morgan Stanley now owns 16,043 shares of the company’s stock worth $124,000 after purchasing an additional 3,239 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of PermRock Royalty Trust in the second quarter worth about $165,000. Hedge funds and other institutional investors own 47.03% of the company’s stock.

PermRock Royalty Trust Company Profile

(Get Rating)

PermRock Royalty Trust engages in the acquisition, development, and operation of oil and natural gas properties in the Permian Basin. The company was founded on November 22, 2017 and is headquartered in Fort Worth, TX.