James A. Courter Sells 5,000 Shares of Genie Energy Ltd. (GNE) Stock
Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $6.71, for a total value of $33,550.00. Following the completion of the transaction, the director now owns 301,983 shares in the company, valued at $2,026,305.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Genie Energy Ltd. (NYSE GNE) opened at 6.55 on Friday. The stock has a 50 day moving average price of $6.06 and a 200 day moving average price of $6.89. The stock’s market capitalization is $161.63 million. Genie Energy Ltd. has a 12 month low of $5.07 and a 12 month high of $8.31.
Genie Energy (NYSE:GNE) last posted its earnings results on Thursday, August 3rd. The oil and gas producer reported ($0.50) EPS for the quarter. Genie Energy had a negative net margin of 18.10% and a negative return on equity of 25.81%. The business had revenue of $52.21 million for the quarter. Equities analysts predict that Genie Energy Ltd. will post ($0.77) EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Eagle Global Advisors LLC acquired a new stake in shares of Genie Energy during the 2nd quarter valued at about $111,000. Rhumbline Advisers grew its position in shares of Genie Energy by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 16,930 shares of the oil and gas producer’s stock valued at $129,000 after acquiring an additional 138 shares during the period. PDT Partners LLC acquired a new stake in shares of Genie Energy during the 2nd quarter valued at about $159,000. Cornerstone Capital Management Holdings LLC. grew its position in shares of Genie Energy by 62.6% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 22,797 shares of the oil and gas producer’s stock valued at $173,000 after acquiring an additional 8,777 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Genie Energy during the 2nd quarter valued at about $187,000. Hedge funds and other institutional investors own 20.70% of the company’s stock.
Separately, TheStreet downgraded Genie Energy from a “c-” rating to a “d+” rating in a research report on Thursday, August 3rd.
Genie Energy Company Profile
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc and Residents Energy, Inc, and energy brokerage and marketing services.
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