Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 41,100 shares, a decrease of 36.1% from the August 15th total of 64,300 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 112,700 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Permianville Royalty Trust

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Pingora Partners LLC bought a new stake in Permianville Royalty Trust (NYSE:PVL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 910,208 shares of the company’s stock, valued at approximately $1,311,000. Permianville Royalty Trust comprises approximately 1.2% of Pingora Partners LLC’s portfolio, making the stock its 16th largest holding. Pingora Partners LLC owned 2.76% of Permianville Royalty Trust at the end of the most recent reporting period. Institutional investors and hedge funds own 6.78% of the company’s stock.

Permianville Royalty Trust Stock Up 1.2 %

NYSE:PVL traded up $0.02 during trading hours on Monday, reaching $1.71. The company had a trading volume of 180,402 shares, compared to its average volume of 99,749. The stock has a 50-day moving average of $1.60 and a two-hundred day moving average of $1.44. Permianville Royalty Trust has a one year low of $1.03 and a one year high of $2.64. The firm has a market capitalization of $56.43 million, a PE ratio of 5.70 and a beta of 0.82.

Permianville Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, August 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 24.56%. This is a boost from Permianville Royalty Trust’s previous monthly dividend of $0.01. Permianville Royalty Trust’s dividend payout ratio (DPR) is 140.00%.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.