Here is the rundown on market activity for Genie Energy Ltd. Class B Stoc (NYSE:GNE). James A. Courter, Director reported the sale of 5,000 shares. The shares were purchased at an average price of $6.67. The Director now owns $2,180,977 of the stock according to the SEC filing. James A. Courter, Director disclosed the sale of 5,000 shares of GNE stock. The shares were sold on June 27th for an average price of $7.57. Courter now owns $2,513,111 of the stock per the Form 4 SEC filing.
James A. Courter, Director disclosed the sale of 5,000 shares of (GNE). The shares were sold on June 8th for an average price of $7.76. The Director now owns $2,614,988 of the stock according to the SEC filing.
Genie Energy Ltd. (Genie), launched on January 10, 2011, owns interest in its subsidiary, Genie Energy International Corporation (GEIC), which owns Genie Retail Energy (GRE) and Genie Oil and Gas, Inc. (GOGAS). The Company consists of two businesses: GRE and GOGAS. The Company operates through three segments: Genie Retail Energy, Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas. The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc. (IDT Energy) and Residents Energy, Inc. (Residents Energy), and energy brokerage and marketing services. Its REP businesses resell electricity and natural gas to residential and small business customers in the Eastern United States. The GOGAS segment is an oil and gas exploration company..
These firms have also modified their investment in GNE. As of the end of the quarter Vnbtrust, National Association had bought 11,624 shares growing its position 1,560.3%. The value of the total investment in Genie Energy Ltd. Class B Stoc increased from $6,000 to $94,000 a change of $88,000 since the last quarter. As of quarter end Goldman Sachs Group Inc had acquired a total of 681 shares growing its holdings by 6.7%. The value of the company’s investment in Genie Energy Ltd. Class B Stoc went from $59,000 to $79,000 a change of 33.9% quarter over quarter.
State Street Corp trimmed its investment by selling 1,104 shares a decrease of 0.7% from 12/31/2016 to 03/31/2017. State Street Corp now holds 149,048 shares valued at $1,079,000. The value of the position overall is up by 25.0%. Css LLC/il divested its position by shedding 205 shares a decrease of 0.8% as of 03/31/2017. Css LLC/il controls 24,432 shares with a value of $177,000. The total value of its holdings increased 24.6%.
The company is now up from yesterday’s close of $6.71. Additionally Genie Energy Ltd. Class B Stoc recently announced a dividend for shareholders that was paid on Friday May 19th, 2017. The dividend payment was $0.075 per share for the quarter which comes to $0.30 on an annualized basis. This dividend represents a yield of $4.33. The ex-dividend date was Thursday the 11th of May 2017.
Shares are trading at $6.75 which is just under the 50 day moving average of $7.67 and which is marginally higher than the 200 day moving average of $6.68. The 50 day moving average went down by -11.97% whereas the 200 day moving average was up $0.07 or +1.12%.