Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 62,400 shares, a decrease of 43.0% from the February 28th total of 109,500 shares. Based on an average daily volume of 65,000 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are sold short.

Permianville Royalty Trust Trading Up 0.3 %

NYSE:PVL traded up $0.01 during trading hours on Friday, hitting $1.56. 17,970 shares of the company were exchanged, compared to its average volume of 78,339. The stock has a market capitalization of $51.32 million, a price-to-earnings ratio of 7.41 and a beta of 0.89. Permianville Royalty Trust has a one year low of $1.03 and a one year high of $1.96. The company has a fifty day simple moving average of $1.48 and a 200 day simple moving average of $1.52.

Permianville Royalty Trust (NYSE:PVL) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $14.27 million during the quarter. Permianville Royalty Trust had a return on equity of 13.73% and a net margin of 12.60%.

Permianville Royalty Trust Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.0085 per share. The ex-dividend date is Monday, March 31st. Permianville Royalty Trust’s dividend payout ratio (DPR) is currently 88.89%.

Institutional Investors Weigh In On Permianville Royalty Trust

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Permianville Royalty Trust (NYSE:PVL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,690,973 shares of the company’s stock, valued at approximately $2,300,000. Ashton Thomas Private Wealth LLC owned approximately 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.

About Permianville Royalty Trust

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.