Interval Partners LP Makes New $1.68 Million Investment in HighPeak Energy, Inc. (NASDAQ:HPK)

Interval Partners LP acquired a new stake in HighPeak Energy, Inc. (NASDAQ:HPK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 119,741 shares of the company’s stock, valued at approximately $1,684,000. Interval Partners LP owned 0.09% of HighPeak Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HPK. Solstein Capital LLC boosted its holdings in HighPeak Energy by 33.3% in the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company’s stock valued at $112,000 after purchasing an additional 2,000 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of HighPeak Energy in the first quarter valued at about $44,000. Blue Trust Inc. acquired a new stake in HighPeak Energy during the second quarter worth about $40,000. Dimensional Fund Advisors LP increased its stake in HighPeak Energy by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 51,758 shares of the company’s stock valued at $728,000 after acquiring an additional 3,497 shares during the period. Finally, Register Financial Advisors LLC raised its holdings in HighPeak Energy by 16.2% in the 1st quarter. Register Financial Advisors LLC now owns 43,000 shares of the company’s stock valued at $678,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 24.13% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial boosted their price objective on HighPeak Energy from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Monday, July 22nd.

Insider Buying and Selling at HighPeak Energy

In other news, CEO Jack Hightower bought 17,743 shares of the stock in a transaction dated Thursday, August 29th. The shares were acquired at an average price of $15.50 per share, with a total value of $275,016.50. Following the acquisition, the chief executive officer now owns 4,805,350 shares in the company, valued at $74,482,925. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders purchased 203,821 shares of company stock valued at $3,154,206. 77.50% of the stock is currently owned by company insiders.

HighPeak Energy Price Performance

NASDAQ:HPK opened at $15.49 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.93. The company has a 50-day moving average of $15.36 and a 200-day moving average of $15.08. HighPeak Energy, Inc. has a 52 week low of $12.20 and a 52 week high of $18.42. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 12.49 and a beta of 0.68.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Monday, August 5th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.22). HighPeak Energy had a net margin of 14.05% and a return on equity of 15.99%. The company had revenue of $275.30 million for the quarter, compared to analyst estimates of $282.56 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, equities research analysts anticipate that HighPeak Energy, Inc. will post 1.07 earnings per share for the current fiscal year.

HighPeak Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.16 annualized dividend and a yield of 1.03%. HighPeak Energy’s dividend payout ratio is currently 12.90%.

About HighPeak Energy

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.