Permianville Royalty Trust (NYSE:PVL) Short Interest Down 43.0% in March

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC acquired a new stake in Permianville Royalty Trust (NYSE:PVL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,690,973 shares of the company’s stock, valued at approximately $2,300,000. Ashton Thomas Private Wealth LLC owned 5.12% of Permianville Royalty Trust as of its most recent SEC filing. Institutional investors and hedge funds own 6.78% of the company’s stock.

Permianville Royalty Trust Price Performance

PVL traded up $0.01 on Friday, reaching $1.56. 17,970 shares of the stock were exchanged, compared to its average volume of 78,339. The company’s 50-day moving average price is $1.48 and its 200 day moving average price is $1.52. The firm has a market capitalization of $51.32 million, a PE ratio of 7.41 and a beta of 0.89. Permianville Royalty Trust has a fifty-two week low of $1.03 and a fifty-two week high of $1.96.

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

Permianville Royalty Trust Dividend Announcement

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

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.