Prospera Financial Services Inc Sells 2,476 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Prospera Financial Services Inc decreased its stake in shares of HighPeak Energy, Inc. (NASDAQ:HPKGet Rating) by 69.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,111 shares of the company’s stock after selling 2,476 shares during the quarter. Prospera Financial Services Inc’s holdings in HighPeak Energy were worth $28,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Strs Ohio grew its stake in HighPeak Energy by 5.7% during the second quarter. Strs Ohio now owns 14,800 shares of the company’s stock worth $379,000 after buying an additional 800 shares during the last quarter. Sawtooth Solutions LLC acquired a new position in shares of HighPeak Energy during the 2nd quarter worth approximately $225,000. CWM LLC acquired a new stake in HighPeak Energy during the 2nd quarter valued at $277,000. New York State Common Retirement Fund boosted its position in HighPeak Energy by 869.4% during the first quarter. New York State Common Retirement Fund now owns 4,246 shares of the company’s stock worth $94,000 after purchasing an additional 3,808 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of HighPeak Energy in the first quarter valued at $266,000. Institutional investors own 13.69% of the company’s stock.

Insider Activity at HighPeak Energy

In related news, President Michael L. Hollis purchased 3,500 shares of HighPeak Energy stock in a transaction that occurred on Friday, September 23rd. The shares were acquired at an average price of $20.20 per share, with a total value of $70,700.00. Following the completion of the transaction, the president now directly owns 237,033 shares of the company’s stock, valued at approximately $4,788,066.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder John Paul Dejoria acquired 2,313,744 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average cost of $21.61 per share, for a total transaction of $50,000,007.84. Following the transaction, the insider now directly owns 7,813,744 shares in the company, valued at $168,855,007.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael L. Hollis acquired 3,500 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was bought at an average cost of $20.20 per share, with a total value of $70,700.00. Following the purchase, the president now owns 237,033 shares in the company, valued at $4,788,066.60. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,317,253 shares of company stock worth $50,070,954. Corporate insiders own 88.60% of the company’s stock.

HighPeak Energy Stock Performance

NASDAQ HPK opened at $22.79 on Thursday. HighPeak Energy, Inc. has a 52-week low of $13.06 and a 52-week high of $38.21. The stock has a market cap of $2.49 billion, a PE ratio of 13.65 and a beta of 0.70. The firm has a 50-day moving average of $23.21 and a 200-day moving average of $25.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.54.

HighPeak Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Tuesday, November 1st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, October 31st. HighPeak Energy’s dividend payout ratio is 5.99%.

HighPeak Energy Profile

(Get Rating)

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the Midland Basin in West Texas. As of December 31, 2021, the company had approximately 64,213 MBoe of proved reserves.

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Institutional Ownership by Quarter for HighPeak Energy (NASDAQ:HPK)

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