GSA Capital Partners LLP Purchases New Position in San Juan Basin Royalty Trust (NYSE:SJT)

GSA Capital Partners LLP acquired a new position in shares of San Juan Basin Royalty Trust (NYSE:SJT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,211 shares of the oil and gas producer’s stock, valued at approximately $41,000.

Several other institutional investors have also modified their holdings of SJT. Meixler Investment Management Ltd. lifted its holdings in shares of San Juan Basin Royalty Trust by 11.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 36,300 shares of the oil and gas producer’s stock valued at $134,000 after purchasing an additional 3,800 shares during the last quarter. International Assets Investment Management LLC lifted its stake in San Juan Basin Royalty Trust by 270.0% in the third quarter. International Assets Investment Management LLC now owns 7,400 shares of the oil and gas producer’s stock valued at $27,000 after buying an additional 5,400 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of San Juan Basin Royalty Trust by 12.0% in the second quarter. Moors & Cabot Inc. now owns 88,400 shares of the oil and gas producer’s stock valued at $359,000 after acquiring an additional 9,450 shares during the period. Mraz Amerine & Associates Inc. grew its position in shares of San Juan Basin Royalty Trust by 5.3% during the second quarter. Mraz Amerine & Associates Inc. now owns 206,566 shares of the oil and gas producer’s stock worth $835,000 after acquiring an additional 10,457 shares during the last quarter. Finally, Americana Partners LLC purchased a new position in shares of San Juan Basin Royalty Trust during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Stock Performance

Shares of SJT opened at $4.06 on Tuesday. San Juan Basin Royalty Trust has a fifty-two week low of $3.21 and a fifty-two week high of $7.15. The firm has a 50-day simple moving average of $3.92 and a 200-day simple moving average of $3.89. The company has a market capitalization of $189.24 million, a price-to-earnings ratio of 15.04 and a beta of 0.80.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of San Juan Basin Royalty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest in Southland’s oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico. It also owns subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net-producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico.