GSA Capital Partners LLP Takes $1.33 Million Position in Berry Co. (NASDAQ:BRY)

GSA Capital Partners LLP purchased a new stake in Berry Co. (NASDAQ:BRY - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 259,247 shares of the energy company's stock, valued at approximately $1,333,000. GSA Capital Partners LLP owned 0.34% of Berry as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in Berry by 29.8% in the 1st quarter. Russell Investments Group Ltd. now owns 83,338 shares of the energy company's stock worth $671,000 after purchasing an additional 19,127 shares during the period. Vanguard Group Inc. boosted its stake in Berry by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 4,359,786 shares of the energy company's stock worth $35,096,000 after purchasing an additional 77,487 shares during the period. Huber Capital Management LLC acquired a new position in Berry in the 1st quarter worth $1,749,000. Quadrature Capital Ltd boosted its stake in Berry by 83.8% in the 1st quarter. Quadrature Capital Ltd now owns 27,508 shares of the energy company's stock worth $221,000 after purchasing an additional 12,539 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Berry by 123.7% in the 1st quarter. Lazard Asset Management LLC now owns 17,383 shares of the energy company's stock worth $139,000 after purchasing an additional 9,612 shares during the period. Institutional investors and hedge funds own 94.88% of the company's stock.

Insider Buying and Selling at Berry

In other news, CEO Fernando Araujo sold 33,950 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $6.22, for a total transaction of $211,169.00. Following the transaction, the chief executive officer now directly owns 253,045 shares of the company's stock, valued at approximately $1,573,939.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.

Berry Stock Down 1.4 %

Shares of Berry stock traded down $0.06 during trading hours on Thursday, reaching $4.27. 658,847 shares of the company's stock were exchanged, compared to its average volume of 1,060,250. The company has a 50 day moving average of $5.20 and a two-hundred day moving average of $6.16. Berry Co. has a fifty-two week low of $4.16 and a fifty-two week high of $8.88. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. The stock has a market cap of $328.53 million, a P/E ratio of 3.96 and a beta of 1.72.

Berry (NASDAQ:BRY - Get Free Report) last issued its earnings results on Thursday, November 7th. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The firm had revenue of $259.80 million during the quarter, compared to the consensus estimate of $186.67 million. Berry had a net margin of 9.40% and a return on equity of 6.50%. The firm's revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share. On average, sell-side analysts forecast that Berry Co. will post 0.61 EPS for the current fiscal year.

Berry Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.12 annualized dividend and a yield of 2.81%. Berry's dividend payout ratio is currently 44.44%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price on shares of Berry from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th.

Berry Company Profile

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.