Permianville Royalty Trust (NYSE:PVL) Sees Large Drop in Short Interest

Permianville Royalty Trust (NYSE:PVL) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 62,400 shares, a decline of 43.0% from the February 28th total of 109,500 shares. Based on an average daily trading volume, of 65,000 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the shares of the company are short sold.

Permianville Royalty Trust Trading Up 0.3 %

Shares of Permianville Royalty Trust stock traded up $0.01 during trading hours on Friday, reaching $1.56. The stock had a trading volume of 17,970 shares, compared to its average volume of 78,339. Permianville Royalty Trust has a twelve month low of $1.03 and a twelve month high of $1.96. The firm has a market capitalization of $51.32 million, a PE ratio of 7.41 and a beta of 0.89. The stock’s 50 day moving average is $1.48 and its 200 day moving average is $1.52.

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

Permianville Royalty Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.0085 per share. The ex-dividend date of this dividend is Monday, March 31st. Permianville Royalty Trust’s payout ratio is 88.89%.

Institutional Trading of Permianville Royalty Trust

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Mariner LLC purchased a new stake in Permianville Royalty Trust (NYSE:PVL) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 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 quarter. Hedge funds and other institutional investors own 6.78% of the company’s stock.

About Permianville Royalty Trust

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.