GSA Capital Partners LLP Invests $744,000 in Riley Exploration Permian, Inc. $REPX

GSA Capital Partners LLP acquired a new stake in Riley Exploration Permian, Inc. (NYSE:REPX) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 22,564 shares of the company’s stock, valued at approximately $744,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new position in Riley Exploration Permian in the fourth quarter valued at approximately $27,000. Royal Bank of Canada grew its stake in Riley Exploration Permian by 210.9% during the fourth quarter. Royal Bank of Canada now owns 1,138 shares of the company’s stock worth $31,000 after buying an additional 772 shares during the period. Quarry LP acquired a new stake in shares of Riley Exploration Permian in the third quarter worth $46,000. Advisory Services Network LLC acquired a new stake in shares of Riley Exploration Permian in the third quarter worth $65,000. Finally, Parkwood LLC purchased a new position in shares of Riley Exploration Permian in the 3rd quarter valued at $68,000. Institutional investors and hedge funds own 58.91% of the company’s stock.

Insider Buying and Selling

In other Riley Exploration Permian news, CFO Philip A. Riley sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $37.61, for a total value of $150,440.00. Following the transaction, the chief financial officer owned 235,503 shares in the company, valued at $8,857,267.83. The trade was a 1.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Corey Neil Riley sold 3,500 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $35.20, for a total transaction of $123,200.00. Following the completion of the transaction, the insider directly owned 210,062 shares of the company’s stock, valued at approximately $7,394,182.40. The trade was a 1.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,000 shares of company stock valued at $721,765 in the last quarter. Company insiders own 4.20% of the company’s stock.

Riley Exploration Permian Trading Down 0.8%

REPX opened at $37.42 on Thursday. The firm’s 50 day moving average is $34.22 and its 200-day moving average is $33.95. Riley Exploration Permian, Inc. has a 52-week low of $24.08 and a 52-week high of $41.53. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $829.00 million, a P/E ratio of 6.63 and a beta of 0.93.

Riley Exploration Permian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $1.60 annualized dividend and a yield of 4.3%. Riley Exploration Permian’s payout ratio is 28.99%.

Wall Street Analyst Weigh In

REPX has been the topic of several recent research reports. Roth Capital restated a “buy” rating and set a $45.00 target price on shares of Riley Exploration Permian in a report on Thursday, July 23rd. Truist Financial cut their price objective on Riley Exploration Permian from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Zacks Research cut Riley Exploration Permian from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

About Riley Exploration Permian

Riley Exploration Permian, Inc (NYSE:REPX) is a special purpose acquisition company formed to identify, acquire and operate assets in the oil and natural gas sector, with a dedicated focus on the Permian Basin. Incorporated in Delaware, the company completed its initial public offering on the New York Stock Exchange and is positioned to pursue a business combination with one or more upstream or midstream energy businesses. Riley Exploration Permian’s strategy centers on leveraging the region’s prolific reservoirs and existing infrastructure to drive growth and value for its shareholders.

The company seeks to target exploration and production assets in both the Midland and Delaware sub-basins of West Texas and southeastern New Mexico, where extensive pipeline networks and favorable geologic characteristics support efficient development.