Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 13,200 shares, a growth of 37.5% from the September 30th total of 9,600 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Permianville Royalty Trust Trading Down 1.3%

NYSE:PVL traded down $0.02 during trading hours on Monday, hitting $1.82. 48,314 shares of the stock were exchanged, compared to its average volume of 67,270. Permianville Royalty Trust has a 52-week low of $1.30 and a 52-week high of $2.04. The firm’s fifty day moving average price is $1.88 and its 200 day moving average price is $1.78. The company has a market cap of $60.06 million, a P/E ratio of 18.20 and a beta of 0.33.

Permianville Royalty Trust (NYSE:PVL) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.01 EPS for the quarter. The company had revenue of $11.22 million during the quarter. Permianville Royalty Trust had a return on equity of 7.18% and a net margin of 5.79%.

Permianville Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $0.03 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 19.8%. This is a boost from Permianville Royalty Trust’s previous monthly dividend of $0.02. The ex-dividend date is Friday, October 31st. Permianville Royalty Trust’s dividend payout ratio (DPR) is currently 360.00%.

Institutional Investors Weigh In On Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Clear Harbor Asset Management LLC purchased a new stake in Permianville Royalty Trust (NYSE:PVL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,006 shares of the company’s stock, valued at approximately $81,000. Clear Harbor Asset Management LLC owned approximately 0.14% of Permianville Royalty Trust at the end of the most recent reporting period. 6.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Permianville Royalty Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Permianville Royalty Trust presently has a consensus rating of “Hold”.

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.