Permianville Royalty Trust (NYSE:PVL) Sees Significant Growth in Short Interest

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

Permianville Royalty Trust Trading Up 2.0 %

NYSE:PVL opened at $1.55 on Friday. Permianville Royalty Trust has a 12 month low of $1.03 and a 12 month high of $1.96. The stock has a market capitalization of $51.15 million, a price-to-earnings ratio of 7.38 and a beta of 0.89. The firm has a fifty day simple moving average of $1.48 and a two-hundred day simple moving average of $1.52.

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

Permianville Royalty Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend payout ratio is 38.10%.

Hedge Funds Weigh In On Permianville Royalty Trust

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Mariner LLC acquired a new position in shares of Permianville Royalty Trust (NYSE:PVL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,004 shares of the company’s stock, valued at approximately $27,000. Mariner LLC owned about 0.06% of Permianville Royalty Trust at the end of the most recent quarter. 6.78% of the stock is currently owned by hedge funds and other institutional investors.

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.