Avi Goldin Sells 7,300 Shares of Genie Energy Ltd. (NYSE:GNE) Stock

Genie Energy Ltd. (NYSE:GNE) CFO Avi Goldin sold 7,300 shares of Genie Energy stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $15.42, for a total value of $112,566.00. Following the transaction, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through 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 value of $39,537.00.

Genie Energy Price Performance

GNE traded up $0.09 on Friday, hitting $15.99. 1,131 shares of the company’s stock traded hands, compared to its average volume of 114,587. The company’s 50 day simple moving average is $16.30 and its 200-day simple moving average is $15.90. The firm has a market cap of $434.93 million, a price-to-earnings ratio of 112.87 and a beta of 0.09. Genie Energy Ltd. has a one year low of $14.00 and a one year high of $30.90. The company has a current ratio of 2.56, a quick ratio of 2.47 and a debt-to-equity ratio of 0.01.

Genie Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.30 annualized dividend and a dividend yield of 1.88%. Genie Energy’s dividend payout ratio (DPR) is 214.30%.

Institutional Trading of Genie Energy

Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Genie Energy by 8.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,359 shares of the oil and gas producer’s stock valued at $202,000 after buying an additional 1,002 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Genie Energy by 1.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 80,676 shares of the oil and gas producer’s stock valued at $1,311,000 after buying an additional 1,046 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Genie Energy by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 41,960 shares of the oil and gas producer’s stock valued at $682,000 after buying an additional 1,891 shares during the period. Point72 DIFC Ltd raised its holdings in Genie Energy by 11,831.6% during the 2nd quarter. Point72 DIFC Ltd now owns 2,267 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 2,248 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Genie Energy by 10.0% during the 2nd quarter. Principal Financial Group Inc. now owns 32,355 shares of the oil and gas producer’s stock valued at $473,000 after buying an additional 2,941 shares during the period. 49.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Genie Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

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.