SilverBow Resources, Inc. (NYSE:SBOW) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. decreased its position in shares of SilverBow Resources, Inc. (NYSE:SBOW) by 23.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,776 shares of the company’s stock after selling 2,057 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in SilverBow Resources were worth $231,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HBK Investments L P acquired a new position in shares of SilverBow Resources in the 4th quarter worth approximately $582,000. Wellington Management Group LLP grew its stake in SilverBow Resources by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 217,753 shares of the company’s stock worth $6,332,000 after buying an additional 3,632 shares during the last quarter. Goldman Sachs Group Inc. increased its position in SilverBow Resources by 108.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 582,373 shares of the company’s stock worth $16,935,000 after buying an additional 302,413 shares during the period. Ranger Investment Management L.P. increased its position in SilverBow Resources by 4.6% in the fourth quarter. Ranger Investment Management L.P. now owns 200,954 shares of the company’s stock worth $5,844,000 after buying an additional 8,765 shares during the period. Finally, Ghisallo Capital Management LLC lifted its stake in SilverBow Resources by 12.5% in the fourth quarter. Ghisallo Capital Management LLC now owns 225,000 shares of the company’s stock valued at $6,543,000 after buying an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Transactions at SilverBow Resources

In other news, major shareholder Kimmeridge Energy Management C sold 2,100,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $37.00, for a total transaction of $77,700,000.00. Following the sale, the insider now directly owns 1,181,356 shares of the company’s stock, valued at $43,710,172. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.00% of the company’s stock.

SilverBow Resources Price Performance

NYSE:SBOW traded up $0.72 during mid-day trading on Wednesday, reaching $38.74. 234,855 shares of the stock were exchanged, compared to its average volume of 509,712. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average price of $36.16 and a 200 day moving average price of $32.00. SilverBow Resources, Inc. has a 1-year low of $25.19 and a 1-year high of $43.95. The firm has a market capitalization of $989.42 million, a PE ratio of 5.24 and a beta of 2.58.

SilverBow Resources (NYSE:SBOW) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.25. The company had revenue of $256.68 million for the quarter, compared to analysts’ expectations of $272.27 million. SilverBow Resources had a net margin of 24.41% and a return on equity of 16.48%. During the same quarter in the previous year, the company posted $0.95 EPS. Research analysts expect that SilverBow Resources, Inc. will post 8.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Mizuho downgraded SilverBow Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th. Truist Financial raised their target price on shares of SilverBow Resources from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.33.

About SilverBow Resources

SilverBow Resources, Inc, an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc in May 2017.