Permianville Royalty Trust (NYSE:PVL) Short Interest Up 17.2% in February

Permianville Royalty Trust (NYSE:PVL) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 109,500 shares, a growth of 17.2% from the February 13th total of 93,400 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 68,700 shares, the days-to-cover ratio is presently 1.6 days.

Permianville Royalty Trust Price Performance

NYSE:PVL traded up $0.01 during trading hours on Wednesday, reaching $1.52. 185,071 shares of the company were exchanged, compared to its average volume of 79,238. The company has a market capitalization of $50.13 million, a P/E ratio of 7.23 and a beta of 0.89. Permianville Royalty Trust has a 1-year low of $1.03 and a 1-year high of $1.96. The business has a 50 day moving average of $1.47 and a 200 day moving average of $1.52.

Permianville Royalty Trust (NYSE:PVL) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.04 earnings per share (EPS) for the quarter. Permianville Royalty Trust had a return on equity of 13.73% and a net margin of 12.60%.

Permianville Royalty Trust Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.0085 per share. The ex-dividend date of this dividend is Monday, March 31st. Permianville Royalty Trust’s payout ratio is presently 38.10%.

Institutional Investors Weigh In On Permianville Royalty Trust

An institutional investor recently bought a new position in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Permianville Royalty Trust (NYSE:PVL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,690,973 shares of the company’s stock, valued at approximately $2,300,000. Ashton Thomas Private Wealth LLC owned about 5.12% of Permianville Royalty Trust at the end of the most recent reporting period. Institutional investors own 6.78% of the company’s stock.

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.