Penn Capital Management Co. Inc. Invests $507,000 in Sanchez Production Partners LP (SNMP)

Penn Capital Management Co. Inc. acquired a new position in shares of Sanchez Production Partners LP (NYSEAMERICAN:SNMP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 45,704 shares of the basic materials company’s stock, valued at approximately $507,000. Penn Capital Management Co. Inc. owned approximately 0.31% of Sanchez Production Partners as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of SNMP. Royal Bank of Canada grew its stake in Sanchez Production Partners by 180.2% in the second quarter. Royal Bank of Canada now owns 9,330 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 6,000 shares in the last quarter. Kalos Management Inc. bought a new position in Sanchez Production Partners in the third quarter valued at approximately $117,000. California Public Employees Retirement System bought a new position in Sanchez Production Partners in the fourth quarter valued at approximately $333,000. Parkwood LLC grew its stake in Sanchez Production Partners by 23.5% in the third quarter. Parkwood LLC now owns 54,750 shares of the basic materials company’s stock valued at $616,000 after purchasing an additional 10,405 shares in the last quarter. Finally, Arrow Investment Advisors LLC grew its stake in Sanchez Production Partners by 34.1% in the third quarter. Arrow Investment Advisors LLC now owns 63,160 shares of the basic materials company’s stock valued at $711,000 after purchasing an additional 16,074 shares in the last quarter.

Several research analysts have recently commented on SNMP shares. BidaskClub upgraded Sanchez Production Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Zacks Investment Research upgraded Sanchez Production Partners from a “sell” rating to a “hold” rating in a research note on Friday, December 29th.

Shares of Sanchez Production Partners LP (SNMP) opened at $11.10 on Wednesday. The firm has a market capitalization of $164.04, a P/E ratio of -1.97 and a beta of -0.33. Sanchez Production Partners LP has a fifty-two week low of $9.35 and a fifty-two week high of $15.75.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.4508 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.80 annualized dividend and a yield of 16.25%. Sanchez Production Partners’s payout ratio is currently -31.91%.

In other Sanchez Production Partners news, Director Antonio R. Sanchez III sold 4,700 shares of Sanchez Production Partners stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $13.00, for a total value of $61,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Antonio R. Sanchez III sold 5,121 shares of Sanchez Production Partners stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $13.00, for a total value of $66,573.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,505 shares of company stock valued at $149,565.

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About Sanchez Production Partners

Sanchez Midstream Partners LP, formerly Sanchez Production Partners LP, is focused on the acquisition, development, ownership and operation of midstream and other energy producing assets. The Company operates through two segments: the exploration and production of oil and natural gas, and the midstream business, which includes the Catarina gathering system.

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Institutional Ownership by Quarter for Sanchez Production Partners (NYSEAMERICAN:SNMP)

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