Royce & Associates LP Makes New Investment in Berry Co. (NASDAQ:BRY)

Royce & Associates LP bought a new position in shares of Berry Co. (NASDAQ:BRY) in the 4th quarter, HoldingsChannel reports. The fund bought 37,209 shares of the energy company’s stock, valued at approximately $154,000.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Berry by 48.5% in the third quarter. Victory Capital Management Inc. now owns 386,286 shares of the energy company’s stock valued at $1,986,000 after purchasing an additional 126,175 shares during the period. Intech Investment Management LLC purchased a new position in shares of Berry in the third quarter valued at approximately $126,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Berry by 34.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 357,725 shares of the energy company’s stock valued at $1,839,000 after purchasing an additional 91,642 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Berry by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,452,032 shares of the energy company’s stock valued at $7,463,000 after purchasing an additional 91,254 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Berry in the third quarter valued at approximately $264,000. Hedge funds and other institutional investors own 94.88% of the company’s stock.

Berry Trading Down 4.3 %

NASDAQ BRY opened at $3.34 on Friday. The firm has a 50 day simple moving average of $4.18 and a 200-day simple moving average of $4.55. The firm has a market cap of $256.98 million, a price-to-earnings ratio of 3.09 and a beta of 1.67. Berry Co. has a one year low of $3.06 and a one year high of $8.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80.

Berry (NASDAQ:BRY) last issued its earnings results on Wednesday, March 12th. The energy company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.09. The firm had revenue of $167.06 million for the quarter, compared to analysts’ expectations of $173.00 million. Berry had a net margin of 9.40% and a return on equity of 6.50%. Equities research analysts anticipate that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 22nd will be issued a $0.03 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.12 annualized dividend and a yield of 3.59%. Berry’s dividend payout ratio (DPR) is 48.00%.

Berry Company Profile

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.