GSA Capital Partners LLP Sells 26,816 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

GSA Capital Partners LLP decreased its position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 13.1% in the third quarter, HoldingsChannel reports. The firm owned 177,485 shares of the company’s stock after selling 26,816 shares during the quarter. GSA Capital Partners LLP’s holdings in HighPeak Energy were worth $2,463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in HighPeak Energy by 101.1% in the third quarter. Blue Trust Inc. now owns 5,678 shares of the company’s stock worth $80,000 after purchasing an additional 2,854 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in shares of HighPeak Energy during the 3rd quarter worth about $4,506,000. SG Americas Securities LLC acquired a new stake in HighPeak Energy in the 3rd quarter valued at about $107,000. Susquehanna Fundamental Investments LLC grew its stake in shares of HighPeak Energy by 197.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,141 shares of the company’s stock valued at $761,000 after buying an additional 35,937 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of HighPeak Energy by 47.4% during the 2nd quarter. Squarepoint Ops LLC now owns 90,035 shares of the company’s stock worth $1,266,000 after purchasing an additional 28,951 shares during the period. Hedge funds and other institutional investors own 24.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial reduced their price objective on shares of HighPeak Energy from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Monday, September 30th.

HighPeak Energy Stock Performance

Shares of HPK opened at $13.98 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.79 billion, a P/E ratio of 11.01 and a beta of 0.69. The company has a 50-day moving average of $14.30 and a two-hundred day moving average of $14.76. HighPeak Energy, Inc. has a 12-month low of $12.20 and a 12-month high of $17.48.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Monday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.12. The company had revenue of $271.60 million during the quarter, compared to the consensus estimate of $270.18 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. HighPeak Energy’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share. As a group, research analysts predict that HighPeak Energy, Inc. will post 0.65 EPS for the current fiscal year.

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.14%. HighPeak Energy’s dividend payout ratio (DPR) is 12.60%.

Insider Buying and Selling

In related news, CEO Jack Hightower bought 100,000 shares of the stock in a transaction on Friday, September 20th. The shares were purchased at an average price of $15.54 per share, with a total value of $1,554,000.00. Following the purchase, the chief executive officer now owns 4,959,255 shares in the company, valued at approximately $77,066,822.70. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 203,821 shares of company stock valued at $3,154,206 in the last quarter. Company insiders own 77.50% of the company’s stock.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.