Falcon Minerals Co. (NASDAQ:FLMN) Short Interest Down 18.3% in April

Falcon Minerals Co. (NASDAQ:FLMNGet Rating) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 1,920,000 shares, a decrease of 18.3% from the April 15th total of 2,350,000 shares. Approximately 4.4% of the company’s shares are short sold. Based on an average trading volume of 850,900 shares, the short-interest ratio is currently 2.3 days.

A number of research firms recently issued reports on FLMN. Wells Fargo & Company boosted their target price on shares of Falcon Minerals from $5.00 to $7.00 and gave the company an “equal weight” rating in a report on Friday, March 25th. Piper Sandler lifted their price target on shares of Falcon Minerals from $5.40 to $8.00 and gave the company an “overweight” rating in a report on Thursday, April 7th. Finally, Zacks Investment Research upgraded Falcon Minerals from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Tuesday, April 5th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $8.44.

FLMN traded down $0.24 on Tuesday, reaching $7.06. 34,468 shares of the company’s stock were exchanged, compared to its average volume of 806,976. Falcon Minerals has a twelve month low of $4.24 and a twelve month high of $7.84. The company’s 50 day moving average is $6.85 and its 200-day moving average is $5.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market cap of $610.34 million, a price-to-earnings ratio of 29.20 and a beta of 1.53.

Falcon Minerals (NASDAQ:FLMNGet Rating) last released its quarterly earnings data on Thursday, March 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. Falcon Minerals had a net margin of 17.26% and a return on equity of 8.55%. The company had revenue of $20.13 million during the quarter, compared to the consensus estimate of $20.50 million. Sell-side analysts forecast that Falcon Minerals will post 0.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Wednesday, May 18th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.20%. This is a boost from Falcon Minerals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, May 17th. Falcon Minerals’s dividend payout ratio is 232.00%.

A number of large investors have recently added to or reduced their stakes in the business. Ellevest Inc. lifted its stake in shares of Falcon Minerals by 81.9% during the fourth quarter. Ellevest Inc. now owns 7,096 shares of the company’s stock worth $35,000 after purchasing an additional 3,196 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Falcon Minerals by 286.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,195 shares of the company’s stock worth $39,000 after acquiring an additional 6,075 shares in the last quarter. Dorsey Wright & Associates purchased a new position in Falcon Minerals in the 1st quarter worth approximately $44,000. Lazard Asset Management LLC purchased a new position in Falcon Minerals in the 4th quarter worth approximately $46,000. Finally, Great West Life Assurance Co. Can grew its position in Falcon Minerals by 179.6% in the first quarter. Great West Life Assurance Co. Can now owns 7,467 shares of the company’s stock valued at $52,000 after acquiring an additional 4,796 shares in the last quarter. 74.47% of the stock is currently owned by institutional investors.

About Falcon Minerals (Get Rating)

Falcon Minerals Corporation acquires and owns mineral, royalty, and over-riding royalty interests in oil and natural gas properties in North America. It owns interests covering approximately 256,000 gross unit acres in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas, as well as approximately 95,000 gross unit acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia.

Further Reading

Receive News & Ratings for Falcon Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Falcon Minerals and related companies with MarketBeat.com's FREE daily email newsletter.