Mad River Investors Has $2.98 Million Holdings in Permian Basin Royalty Trust (NYSE:PBT)

Mad River Investors boosted its holdings in shares of Permian Basin Royalty Trust (NYSE:PBT) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,173 shares of the oil and gas producer’s stock after buying an additional 11,726 shares during the quarter. Permian Basin Royalty Trust makes up approximately 2.0% of Mad River Investors’ investment portfolio, making the stock its 12th largest position. Mad River Investors owned approximately 0.57% of Permian Basin Royalty Trust worth $2,975,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Aristides Capital LLC acquired a new position in Permian Basin Royalty Trust during the fourth quarter worth approximately $163,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Permian Basin Royalty Trust by 5.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,918 shares of the oil and gas producer’s stock valued at $247,000 after purchasing an additional 1,150 shares during the last quarter. Navellier & Associates Inc. grew its position in shares of Permian Basin Royalty Trust by 92.2% in the fourth quarter. Navellier & Associates Inc. now owns 22,376 shares of the oil and gas producer’s stock valued at $312,000 after purchasing an additional 10,734 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Permian Basin Royalty Trust in the first quarter valued at approximately $306,000. Finally, Russell Investments Group Ltd. grew its position in shares of Permian Basin Royalty Trust by 18.5% in the fourth quarter. Russell Investments Group Ltd. now owns 28,802 shares of the oil and gas producer’s stock valued at $402,000 after purchasing an additional 4,498 shares during the last quarter. Institutional investors and hedge funds own 28.86% of the company’s stock.

Permian Basin Royalty Trust Stock Up 0.4 %

Shares of Permian Basin Royalty Trust stock traded up $0.04 on Thursday, hitting $10.64. The stock had a trading volume of 40,228 shares, compared to its average volume of 126,901. Permian Basin Royalty Trust has a twelve month low of $10.14 and a twelve month high of $22.50. The business’s 50 day moving average is $11.18 and its two-hundred day moving average is $11.95. The stock has a market cap of $519.69 million, a price-to-earnings ratio of 17.10 and a beta of 0.56.

Permian Basin Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.052 dividend. This represents a $0.62 annualized dividend and a dividend yield of 5.86%. The ex-dividend date of this dividend is Friday, August 30th. Permian Basin Royalty Trust’s payout ratio is 100.00%.

Permian Basin Royalty Trust Profile

Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane County, Texas.