Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL - Get Free Report) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 62,400 shares, a decline of 43.0% from the February 28th total of 109,500 shares. Approximately 0.3% of the company's stock are sold short. Based on an average trading volume of 65,000 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of Permianville Royalty Trust (NYSE:PVL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,690,973 shares of the company's stock, valued at approximately $2,300,000. Ashton Thomas Private Wealth LLC owned approximately 5.12% of Permianville Royalty Trust as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 6.78% of the company's stock.

Permianville Royalty Trust Trading Down 0.6 %

PVL traded down $0.01 during trading on Tuesday, hitting $1.56. 3,003 shares of the company's stock traded hands, compared to its average volume of 77,878. Permianville Royalty Trust has a 12-month low of $1.03 and a 12-month high of $1.96. The company's 50 day simple moving average is $1.48 and its two-hundred day simple moving average is $1.52. The stock has a market capitalization of $51.32 million, a price-to-earnings ratio of 7.41 and a beta of 0.89.

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Permianville Royalty Trust (NYSE:PVL - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $14.27 million during the quarter. Permianville Royalty Trust had a net margin of 12.60% and a return on equity of 13.73%.

Permianville Royalty Trust Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.0085 dividend. The ex-dividend date of this dividend is Monday, March 31st. Permianville Royalty Trust's dividend payout ratio (DPR) is presently 88.89%.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of 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.