6,843 Shares in Genie Energy Ltd. (NYSE:GNE) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Genie Energy Ltd. (NYSE:GNE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,843 shares of the oil and gas producer’s stock, valued at approximately $107,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of Genie Energy by 234.6% in the third quarter. Barclays PLC now owns 20,617 shares of the oil and gas producer’s stock valued at $334,000 after buying an additional 14,455 shares during the period. Cerity Partners LLC lifted its position in shares of Genie Energy by 118.5% during the 3rd quarter. Cerity Partners LLC now owns 94,324 shares of the oil and gas producer’s stock valued at $1,533,000 after acquiring an additional 51,160 shares during the period. State Street Corp lifted its position in shares of Genie Energy by 2.4% during the 3rd quarter. State Street Corp now owns 520,358 shares of the oil and gas producer’s stock valued at $8,456,000 after acquiring an additional 11,981 shares during the period. Americana Partners LLC grew its holdings in shares of Genie Energy by 313.8% during the 3rd quarter. Americana Partners LLC now owns 115,545 shares of the oil and gas producer’s stock worth $1,878,000 after purchasing an additional 87,625 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Genie Energy by 269.5% in the third quarter. GSA Capital Partners LLP now owns 61,871 shares of the oil and gas producer’s stock worth $1,005,000 after purchasing an additional 45,125 shares during the period. Institutional investors and hedge funds own 49.15% of the company’s stock.

Insider Activity at Genie Energy

In other news, CFO Avi Goldin sold 7,300 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $15.42, for a total value of $112,566.00. Following the completion of the transaction, the chief financial officer now owns 127,699 shares of the company’s stock, valued at approximately $1,969,118.58. This represents a 5.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.50% of the stock is currently owned by insiders.

Genie Energy Trading Down 3.5 %

Shares of Genie Energy stock opened at $13.98 on Thursday. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. Genie Energy Ltd. has a 12-month low of $13.94 and a 12-month high of $19.64. The company has a market capitalization of $380.26 million, a price-to-earnings ratio of 99.86 and a beta of 0.06. The firm’s 50-day moving average price is $14.75 and its two-hundred day moving average price is $15.71.

Genie Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Tuesday, February 18th will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.30 annualized dividend and a dividend yield of 2.15%. Genie Energy’s dividend payout ratio is 214.30%.

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.