Insider Buying: Black Stone Minerals LP (BSM) CEO Acquires 14,240 Shares of Stock
Black Stone Minerals LP (NYSE:BSM) CEO Thomas L. Carter, Jr. bought 14,240 shares of Black Stone Minerals stock in a transaction on Thursday, March 1st. The shares were purchased at an average cost of $17.26 per share, with a total value of $245,782.40. Following the acquisition, the chief executive officer now directly owns 972,182 shares of the company’s stock, valued at $16,779,861.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Black Stone Minerals LP (NYSE BSM) opened at $17.38 on Monday. Black Stone Minerals LP has a fifty-two week low of $15.12 and a fifty-two week high of $19.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market capitalization of $1,812.01, a P/E ratio of 17.56 and a beta of 0.37.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.3125 per share. The ex-dividend date was Friday, February 16th. This represents a $1.25 annualized dividend and a dividend yield of 7.19%. Black Stone Minerals’s dividend payout ratio is currently 126.26%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BSM. Alliancebernstein L.P. boosted its position in shares of Black Stone Minerals by 5.9% during the second quarter. Alliancebernstein L.P. now owns 18,468 shares of the oil and gas producer’s stock worth $291,000 after buying an additional 1,034 shares during the period. Alps Advisors Inc. purchased a new position in shares of Black Stone Minerals during the third quarter worth $478,000. CI Global Investments Inc. purchased a new position in shares of Black Stone Minerals during the third quarter worth $28,340,000. Evergreen Capital Management LLC boosted its holdings in Black Stone Minerals by 10.9% in the third quarter. Evergreen Capital Management LLC now owns 613,870 shares of the oil and gas producer’s stock valued at $10,645,000 after purchasing an additional 60,175 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in Black Stone Minerals by 13.7% in the third quarter. Sterling Capital Management LLC now owns 34,794 shares of the oil and gas producer’s stock valued at $603,000 after purchasing an additional 4,191 shares during the period. Institutional investors and hedge funds own 22.93% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/insider-buying-black-stone-minerals-lp-bsm-ceo-acquires-14240-shares-of-stock/1908921.html.
Black Stone Minerals Company Profile
Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests.
Receive News & Ratings for Black Stone Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Stone Minerals and related companies with MarketBeat.com's FREE daily email newsletter.