Permianville Royalty Trust (NYSE:PVL) Short Interest Update

Permianville Royalty Trust (NYSE:PVL) was the recipient of a significant decrease in short interest in 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. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Permianville Royalty Trust stock. Mariner LLC acquired a new position in shares of Permianville Royalty Trust (NYSE:PVL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,004 shares of the company’s stock, valued at approximately $27,000. Mariner LLC owned 0.06% of Permianville Royalty Trust as of its most recent SEC filing. 6.78% of the stock is owned by institutional investors.

Permianville Royalty Trust Stock Performance

Permianville Royalty Trust stock traded up $0.01 during midday trading on Friday, reaching $1.56. The stock had a trading volume of 17,970 shares, compared to its average volume of 78,339. Permianville Royalty Trust has a 1-year low of $1.03 and a 1-year high of $1.96. The stock has a market capitalization of $51.32 million, a P/E ratio of 7.41 and a beta of 0.89. The firm’s fifty day simple moving average is $1.48 and its 200-day simple moving average is $1.52.

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

Permianville Royalty Trust Dividend Announcement

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

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.