GAMMA Investing LLC Raises Stock Holdings in Riley Exploration Permian, Inc. (NYSE:REPX)

GAMMA Investing LLC grew its holdings in shares of Riley Exploration Permian, Inc. (NYSE:REPX) by 5,545.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,099 shares of the company’s stock after purchasing an additional 26,619 shares during the quarter. GAMMA Investing LLC owned approximately 0.13% of Riley Exploration Permian worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REPX. Vanguard Group Inc. boosted its stake in Riley Exploration Permian by 29.4% in the 4th quarter. Vanguard Group Inc. now owns 912,038 shares of the company’s stock worth $29,112,000 after purchasing an additional 207,319 shares during the period. Jackson Hole Capital Partners LLC raised its holdings in Riley Exploration Permian by 1.2% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 394,796 shares of the company’s stock valued at $12,602,000 after buying an additional 4,788 shares during the period. American Century Companies Inc. increased its stake in Riley Exploration Permian by 35.5% in the fourth quarter. American Century Companies Inc. now owns 385,341 shares of the company’s stock worth $12,300,000 after purchasing an additional 100,891 shares during the period. Dimensional Fund Advisors LP increased its stake in Riley Exploration Permian by 50.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 303,143 shares of the company’s stock worth $9,691,000 after purchasing an additional 101,309 shares during the period. Finally, First Eagle Investment Management LLC grew its position in shares of Riley Exploration Permian by 2.2% during the 4th quarter. First Eagle Investment Management LLC now owns 287,048 shares of the company’s stock worth $9,163,000 after buying an additional 6,100 shares in the last quarter. Hedge funds and other institutional investors own 58.91% of the company’s stock.

Riley Exploration Permian Price Performance

REPX opened at $28.39 on Wednesday. Riley Exploration Permian, Inc. has a 12-month low of $21.98 and a 12-month high of $37.55. The business’s fifty day simple moving average is $26.23 and its 200-day simple moving average is $29.81. The company has a market capitalization of $625.23 million, a price-to-earnings ratio of 5.03 and a beta of 1.54. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.53.

Riley Exploration Permian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 8th. Stockholders of record on Thursday, April 24th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend was Thursday, April 24th. Riley Exploration Permian’s payout ratio is 32.48%.

Insider Activity at Riley Exploration Permian

In other Riley Exploration Permian news, CEO Bobby Riley sold 2,681 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total transaction of $78,204.77. Following the transaction, the chief executive officer now owns 439,636 shares of the company’s stock, valued at approximately $12,824,182.12. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Corey Neil Riley sold 1,537 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.17, for a total value of $44,834.29. Following the transaction, the insider now directly owns 183,700 shares in the company, valued at $5,358,529. This trade represents a 0.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,977 shares of company stock worth $593,149. 4.70% of the stock is owned by corporate insiders.

Riley Exploration Permian Profile

Riley Exploration Permian, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the Northwest Shelf and Yeso trend of the Permian Basin.