15,525 Shares in Vitesse Energy, Inc. (NYSE:VTS) Acquired by Paradigm Capital Management LLC NV

Paradigm Capital Management LLC NV acquired a new stake in shares of Vitesse Energy, Inc. (NYSE:VTS) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 15,525 shares of the company’s stock, valued at approximately $373,000.

A number of other institutional investors have also recently added to or reduced their stakes in VTS. nVerses Capital LLC acquired a new position in shares of Vitesse Energy during the 2nd quarter worth $26,000. International Assets Investment Management LLC boosted its holdings in Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after purchasing an additional 1,312 shares in the last quarter. Quest Partners LLC acquired a new position in Vitesse Energy during the third quarter worth $34,000. Cullen Frost Bankers Inc. bought a new position in Vitesse Energy during the second quarter valued at about $36,000. Finally, Quent Capital LLC raised its holdings in Vitesse Energy by 25.7% during the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock valued at $134,000 after buying an additional 1,141 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vitesse Energy news, CEO Robert W. Gerrity bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the purchase, the chief executive officer now directly owns 495,311 shares in the company, valued at $12,249,041.03. This trade represents a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners downgraded Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Wednesday, November 6th.

Vitesse Energy Trading Up 0.5 %

Shares of VTS stock opened at $28.08 on Friday. Vitesse Energy, Inc. has a 12 month low of $19.63 and a 12 month high of $28.41. The company has a market cap of $829.48 million, a PE ratio of 19.23 and a beta of 0.22. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $25.94 and its two-hundred day moving average is $25.06.

Vitesse Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.525 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.10 dividend on an annualized basis and a yield of 7.48%. Vitesse Energy’s payout ratio is presently 143.84%.

Vitesse Energy Company Profile

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.