Permianville Royalty Trust (NYSE:PVL) Short Interest Up 17.2% in February

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

Institutional Trading of Permianville Royalty Trust

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

Permianville Royalty Trust Price Performance

Shares of NYSE:PVL traded up $0.02 during trading hours on Thursday, hitting $1.54. The company’s stock had a trading volume of 22,999 shares, compared to its average volume of 61,332. The firm’s fifty day moving average price is $1.48 and its 200 day moving average price is $1.52. Permianville Royalty Trust has a 52 week low of $1.03 and a 52 week high of $1.96. The company has a market capitalization of $50.82 million, a price-to-earnings ratio of 7.33 and a beta of 0.89.

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

Permianville Royalty Trust Dividend Announcement

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

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.