Alpine Global Management LLC Acquires Shares of 25,000 Battalion Oil Co. (NYSE:BATL)

Alpine Global Management LLC acquired a new stake in shares of Battalion Oil Co. (NYSE:BATL) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 25,000 shares of the company’s stock, valued at approximately $142,000. Alpine Global Management LLC owned approximately 0.15% of Battalion Oil at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Crystalline Management Inc. bought a new position in shares of Battalion Oil during the 4th quarter valued at approximately $528,000. Beryl Capital Management LLC bought a new position in shares of Battalion Oil during the 4th quarter valued at approximately $3,608,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Battalion Oil during the 4th quarter valued at approximately $481,000. PenderFund Capital Management Ltd. bought a new position in shares of Battalion Oil during the 4th quarter valued at approximately $495,000. Finally, EHP Funds Inc. bought a new position in shares of Battalion Oil during the 4th quarter valued at approximately $766,000. 86.01% of the stock is owned by hedge funds and other institutional investors.

Battalion Oil Trading Up 3.7 %

Shares of NYSE BATL traded up $0.13 during midday trading on Friday, reaching $3.63. 15,528 shares of the stock traded hands, compared to its average volume of 5,441. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 4.05. Battalion Oil Co. has a one year low of $3.12 and a one year high of $9.69. The company’s 50 day moving average is $4.45 and its 200 day moving average is $5.66.

Battalion Oil (NYSE:BATL) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($1.04) EPS for the quarter. Battalion Oil had a negative net margin of 27.77% and a negative return on equity of 70.13%. The firm had revenue of $49.87 million for the quarter.

Battalion Oil Company Profile

Battalion Oil Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. It holds interests in the Delaware Basin located in the counties of Pecos, Ward, Reeves, and Winkler, Texas. It serves independent marketers, and oil and natural gas and gas pipeline companies.