PFG Investments LLC Increases Position in New Concept Energy, Inc. (NYSE:GBR)

PFG Investments LLC grew its stake in New Concept Energy, Inc. (NYSE:GBR) by 69.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,600 shares of the company’s stock after acquiring an additional 62,400 shares during the quarter. PFG Investments LLC owned about 2.97% of New Concept Energy worth $244,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on New Concept Energy in a research note on Saturday. They set a “sell” rating on the stock.

Insider Buying and Selling

In other New Concept Energy news, major shareholder Realty Advisors Inc sold 250,000 shares of New Concept Energy stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1.30, for a total transaction of $325,000.00. Following the completion of the sale, the insider now owns 1,144,934 shares of the company’s stock, valued at approximately $1,488,414.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.

New Concept Energy Stock Performance

Shares of GBR stock opened at $1.21 on Friday. New Concept Energy, Inc. has a 1-year low of $0.95 and a 1-year high of $1.82. The stock’s fifty day moving average price is $1.41 and its 200 day moving average price is $1.32.

New Concept Energy (NYSE:GBR) last announced its earnings results on Tuesday, August 13th. The company reported $0.01 earnings per share for the quarter. New Concept Energy had a negative return on equity of 0.59% and a negative net margin of 18.62%. The firm had revenue of $0.04 million for the quarter.

New Concept Energy Company Profile

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.