Permianville Royalty Trust (NYSE:PVL) Sees Significant Growth in Short Interest

Permianville Royalty Trust (NYSE:PVL) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 109,500 shares, an increase of 17.2% from the February 13th total of 93,400 shares. Based on an average daily trading volume, of 68,700 shares, the short-interest ratio is currently 1.6 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Trading of Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Mariner LLC bought a new stake in shares of Permianville Royalty Trust (NYSE:PVL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,004 shares of the company’s stock, valued at approximately $27,000. Mariner LLC owned approximately 0.06% of Permianville Royalty Trust at the end of the most recent reporting period. 6.78% of the stock is owned by institutional investors and hedge funds.

Permianville Royalty Trust Price Performance

Shares of PVL opened at $1.55 on Friday. The business has a 50-day moving average of $1.48 and a 200-day moving average of $1.52. The company has a market capitalization of $51.15 million, a price-to-earnings ratio of 7.38 and a beta of 0.89. Permianville Royalty Trust has a 1 year low of $1.03 and a 1 year high of $1.96.

Permianville Royalty Trust (NYSE:PVL) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.04 earnings per share (EPS) for the quarter. Permianville Royalty Trust had a net margin of 12.60% and a return on equity of 13.73%. The firm had revenue of $14.27 million during the quarter.

Permianville Royalty Trust Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.0085 dividend. The ex-dividend date is Monday, March 31st. Permianville Royalty Trust’s payout ratio is 38.10%.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.