Genie Energy Ltd. (NYSE:GNE) CFO Sells $112,566.00 in Stock

Genie Energy Ltd. (NYSE:GNE) CFO Avi Goldin sold 7,300 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $15.42, for a total transaction of $112,566.00. Following the completion of the transaction, the chief financial officer now owns 127,699 shares in the company, valued at approximately $1,969,118.58. The trade was a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $17.19, for a total transaction of $39,537.00.

Genie Energy Stock Up 0.9 %

Shares of NYSE:GNE opened at $16.04 on Friday. The firm has a fifty day moving average of $16.24 and a 200 day moving average of $15.90. Genie Energy Ltd. has a 52-week low of $14.00 and a 52-week high of $30.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56. The firm has a market capitalization of $436.29 million, a PE ratio of 114.58 and a beta of 0.09.

Genie Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.30 dividend on an annualized basis and a yield of 1.87%. Genie Energy’s payout ratio is 214.30%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Genie Energy

A number of large investors have recently added to or reduced their stakes in GNE. Americana Partners LLC raised its position in Genie Energy by 313.8% during the third quarter. Americana Partners LLC now owns 115,545 shares of the oil and gas producer’s stock valued at $1,878,000 after purchasing an additional 87,625 shares in the last quarter. Cerity Partners LLC boosted its position 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 valued at $1,533,000 after buying an additional 51,160 shares during the period. GSA Capital Partners LLP grew its stake in shares of 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 valued at $1,005,000 after buying an additional 45,125 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Genie Energy by 214.2% in the second quarter. Cubist Systematic Strategies LLC now owns 59,776 shares of the oil and gas producer’s stock worth $874,000 after buying an additional 40,752 shares during the period. Finally, Unison Advisors LLC purchased a new position in shares of Genie Energy in the third quarter worth about $650,000. Hedge funds and other institutional investors own 49.15% of the company’s stock.

Genie Energy Company Profile

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.