Avi Goldin Sells 7,300 Shares of Genie Energy Ltd. (NYSE:GNE) Stock

Genie Energy Ltd. (NYSE:GNE) CFO Avi Goldin sold 7,300 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $15.42, for a total value of $112,566.00. Following the sale, the chief financial officer now directly owns 127,699 shares of the company’s stock, valued at approximately $1,969,118.58. This trade represents a 5.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Avi Goldin also recently made the following trade(s):

• On Wednesday, September 11th, Avi Goldin sold 2,300 shares of Genie Energy stock. The stock was sold at an average price of $17.19, for a total value of $39,537.00.

Genie Energy Stock Up 0.6 %

Shares of NYSE:GNE traded up $0.09 on Friday, hitting $15.99. 1,131 shares of the company traded hands, compared to its average volume of 114,587. Genie Energy Ltd. has a 52 week low of $14.00 and a 52 week high of $30.90. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $16.30 and a 200-day simple moving average of $15.90. The company has a market cap of $434.93 million, a PE ratio of 112.87 and a beta of 0.09.

Genie Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 12th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.30 annualized dividend and a dividend yield of 1.88%. Genie Energy’s dividend payout ratio (DPR) is presently 214.30%.

Institutional Investors Weigh In On Genie Energy

Institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd boosted its position in shares of Genie Energy by 11,831.6% during the second quarter. Point72 DIFC Ltd now owns 2,267 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 2,248 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Genie Energy by 41.9% during the first quarter. SG Americas Securities LLC now owns 10,645 shares of the oil and gas producer’s stock valued at $161,000 after buying an additional 3,144 shares during the last quarter. BOKF NA purchased a new position in Genie Energy in the second quarter worth about $165,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Genie Energy in the second quarter worth about $169,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Genie Energy during the 2nd quarter valued at about $179,000. 49.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Genie Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

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.