SG Americas Securities LLC Buys New Shares in Genie Energy Ltd. (NYSE:GNE)

SG Americas Securities LLC purchased a new position in shares of Genie Energy Ltd. (NYSE:GNE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,843 shares of the oil and gas producer’s stock, valued at approximately $107,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Americana Partners LLC increased its stake in shares of Genie Energy by 313.8% during the 3rd quarter. Americana Partners LLC now owns 115,545 shares of the oil and gas producer’s stock worth $1,878,000 after purchasing an additional 87,625 shares during the last quarter. Cerity Partners LLC grew its holdings in Genie Energy by 118.5% during the third quarter. Cerity Partners LLC now owns 94,324 shares of the oil and gas producer’s stock worth $1,533,000 after purchasing an additional 51,160 shares during the period. GSA Capital Partners LLP increased its position in Genie Energy by 269.5% during the third quarter. GSA Capital Partners LLP now owns 61,871 shares of the oil and gas producer’s stock worth $1,005,000 after buying an additional 45,125 shares during the last quarter. Quest Partners LLC bought a new stake in Genie Energy in the third quarter valued at approximately $433,000. Finally, Geode Capital Management LLC raised its stake in Genie Energy by 4.4% in the third quarter. Geode Capital Management LLC now owns 421,087 shares of the oil and gas producer’s stock valued at $6,844,000 after buying an additional 17,613 shares during the period. 49.15% of the stock is owned by institutional investors.

Genie Energy Stock Performance

Shares of NYSE GNE opened at $13.98 on Thursday. The company has a current ratio of 2.56, a quick ratio of 2.47 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $380.26 million, a P/E ratio of 99.86 and a beta of 0.06. Genie Energy Ltd. has a 12 month low of $13.94 and a 12 month high of $19.64. The stock has a 50 day moving average of $14.75 and a 200-day moving average of $15.71.

Genie Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, February 18th. Genie Energy’s payout ratio is presently 214.30%.

Insider Activity

In other news, CFO Avi Goldin sold 7,300 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $15.42, for a total transaction of $112,566.00. Following the transaction, the chief financial officer now owns 127,699 shares in the company, valued at approximately $1,969,118.58. This trade represents a 5.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.50% of the company’s stock.

About Genie Energy

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.