GSA Capital Partners LLP Grows Holdings in Genie Energy Ltd. (NYSE:GNE)

GSA Capital Partners LLP increased its position in shares of Genie Energy Ltd. (NYSE:GNE - Free Report) by 269.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,871 shares of the oil and gas producer's stock after purchasing an additional 45,125 shares during the quarter. GSA Capital Partners LLP owned 0.23% of Genie Energy worth $1,005,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Americana Partners LLC lifted its stake in Genie Energy by 313.8% in the 3rd quarter. Americana Partners LLC now owns 115,545 shares of the oil and gas producer's stock valued at $1,878,000 after buying an additional 87,625 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Genie Energy by 41.9% in the first quarter. SG Americas Securities LLC now owns 10,645 shares of the oil and gas producer's stock valued at $161,000 after acquiring an additional 3,144 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Genie Energy by 28.6% during the second quarter. Mackenzie Financial Corp now owns 47,949 shares of the oil and gas producer's stock valued at $701,000 after acquiring an additional 10,650 shares during the last quarter. Marshall Wace LLP purchased a new stake in Genie Energy during the 2nd quarter worth about $537,000. Finally, BOKF NA purchased a new position in Genie Energy in the 2nd quarter valued at about $165,000. 49.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Genie Energy from a "hold" rating to a "buy" rating in a research note on Thursday, August 1st.

Insider Transactions at Genie Energy

In other Genie Energy news, CFO Avi Goldin sold 2,300 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $17.19, for a total transaction of $39,537.00. Following the transaction, the chief financial officer now owns 134,999 shares in the company, valued at $2,320,632.81. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James A. Courter sold 3,675 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.19, for a total value of $63,173.25. Following the completion of the sale, the director now directly owns 304,411 shares of the company's stock, valued at $5,232,825.09. The trade was a 1.19 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.50% of the company's stock.

Genie Energy Trading Up 0.1 %

Shares of GNE traded up $0.02 during mid-day trading on Friday, hitting $15.79. The company had a trading volume of 49,263 shares, compared to its average volume of 116,278. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $424.64 million, a PE ratio of 112.79 and a beta of 0.09. Genie Energy Ltd. has a 1-year low of $14.00 and a 1-year high of $30.90. The business's 50-day simple moving average is $16.37 and its 200-day simple moving average is $15.89.

Genie Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.30 annualized dividend and a yield of 1.90%. Genie Energy's dividend payout ratio is presently 214.29%.

Genie Energy Company Profile

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.