Short Interest in Permianville Royalty Trust (NYSE:PVL) Decreases By 43.0%

Permianville Royalty Trust (NYSE:PVL) saw a significant decrease in short interest during 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 stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Ashton Thomas Private Wealth LLC bought a new position in shares of Permianville Royalty Trust (NYSE:PVL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter. Hedge funds and other institutional investors own 6.78% of the company’s stock.

Permianville Royalty Trust Stock Performance

PVL stock opened at $1.55 on Friday. The company’s 50 day moving average is $1.48 and its two-hundred day moving average is $1.52. Permianville Royalty Trust has a twelve month low of $1.03 and a twelve month high of $1.96. The stock has a market cap of $51.15 million, a P/E ratio of 7.38 and a beta of 0.89.

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

Permianville Royalty Trust Dividend Announcement

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

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.