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 on Wednesday, November 20th. The shares were sold at an average price of $15.42, for a total transaction of $112,566.00. Following the completion of the sale, the chief financial officer now directly owns 127,699 shares of the company’s stock, valued at approximately $1,969,118.58. This trade represents a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Avi Goldin also recently made the following trade(s):

• On Wednesday, September 11th, Avi Goldin sold 2,300 shares of Genie Energy stock. The stock was sold at an average price of $17.19, for a total transaction of $39,537.00.

Genie Energy Stock Up 0.9 %

Genie Energy stock opened at $16.04 on Friday. Genie Energy Ltd. has a fifty-two week low of $14.00 and a fifty-two week high of $30.90. The stock has a market cap of $436.29 million, a PE ratio of 114.58 and a beta of 0.09. The firm’s 50-day simple moving average is $16.24 and its 200 day simple moving average is $15.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.47 and a current ratio of 2.56.

Genie Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 12th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, November 12th. Genie Energy’s dividend payout ratio (DPR) is presently 214.30%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GNE. SG Americas Securities LLC boosted its holdings in Genie Energy by 41.9% during the first quarter. SG Americas Securities LLC now owns 10,645 shares of the oil and gas producer’s stock worth $161,000 after purchasing an additional 3,144 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Genie Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,242,612 shares of the oil and gas producer’s stock worth $18,739,000 after purchasing an additional 12,806 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Genie Energy by 8.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,359 shares of the oil and gas producer’s stock worth $202,000 after purchasing an additional 1,002 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Genie Energy in the second quarter valued at about $179,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Genie Energy by 12.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 79,630 shares of the oil and gas producer’s stock valued at $1,164,000 after acquiring an additional 8,643 shares during the last quarter. 49.15% of the stock is currently owned by hedge funds and other institutional investors.

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.