Hamilton Lane Advisors LLC Purchases New Shares in Riley Exploration Permian, Inc. (NYSE:REPX)

Hamilton Lane Advisors LLC bought a new stake in Riley Exploration Permian, Inc. (NYSE:REPX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,973 shares of the company's stock, valued at approximately $254,000. Riley Exploration Permian comprises 0.2% of Hamilton Lane Advisors LLC's holdings, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of REPX. Ariadne Wealth Management LP acquired a new position in shares of Riley Exploration Permian during the second quarter worth approximately $36,000. Copeland Capital Management LLC acquired a new position in Riley Exploration Permian during the 3rd quarter worth $48,000. Point72 DIFC Ltd acquired a new position in Riley Exploration Permian during the 2nd quarter worth $51,000. CWM LLC grew its stake in shares of Riley Exploration Permian by 115.9% in the third quarter. CWM LLC now owns 2,677 shares of the company's stock worth $71,000 after purchasing an additional 1,437 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Riley Exploration Permian during the third quarter valued at $108,000. Institutional investors and hedge funds own 58.91% of the company's stock.

Riley Exploration Permian Price Performance

Shares of NYSE REPX traded up $0.22 during mid-day trading on Thursday, reaching $36.84. 84,914 shares of the company traded hands, compared to its average volume of 94,851. Riley Exploration Permian, Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $37.15. The firm has a market cap of $791.32 million, a PE ratio of 6.53 and a beta of 1.46. The stock has a fifty day simple moving average of $33.32 and a 200-day simple moving average of $29.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.70 and a quick ratio of 0.64.

Riley Exploration Permian Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, January 23rd. Riley Exploration Permian's dividend payout ratio (DPR) is presently 26.95%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped their price objective on shares of Riley Exploration Permian from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday.

Insider Transactions at Riley Exploration Permian

In other news, CEO Bobby Riley sold 4,636 shares of Riley Exploration Permian stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.19, for a total value of $163,140.84. Following the transaction, the chief executive officer now owns 321,739 shares of the company's stock, valued at $11,321,995.41. The trade was a 1.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.90% of the company's stock.

About Riley Exploration Permian

Riley Exploration Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the Northwest Shelf and Yeso trend of the Permian Basin.