Permianville Royalty Trust (PVL) News Today

Permianville Royalty Trust (NYSE:PVL) Shares Down 2.3%

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Permianville Royalty Trust (NYSE:PVL - Get Rating) major shareholder Permianville Holdings Llc sold 14,628 shares of the firm's stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $3.02, for a total transaction of $44,176.56. Following the completion of the sale, the insider now owns 7,931,499 shares in the company, valued at $23,953,126.98. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Permianville Royalty Trust (NYSE:PVL - Get Rating) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 60,100 shares, a decline of 47.5% from the November 30th total of 114,500 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 141,900 shares, the days-to-cover ratio is currently 0.4 days.

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Friday, December 16th. Stockholders of record on Friday, December 30th will be given a dividend of 0.058 per share on Tuesday, January 17th. This represents a $0.70 annualized dividend and a dividend yield of 20.47%. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost from Permianville Royalty Trust's previous monthly dividend of $0.05.

Permianville Royalty Trust (NYSE:PVL - Get Rating) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 114,500 shares, an increase of 108.9% from the November 15th total of 54,800 shares. Based on an average daily trading volume, of 149,200 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.

Permianville Royalty Trust (NYSE:PVL - Get Rating) major shareholder Permianville Holdings Llc sold 12,240 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $3.76, for a total value of $46,022.40. Following the completion of the transaction, the insider now owns 8,147,900 shares of the company's stock, valued at approximately $30,636,104. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Permianville Royalty Trust (NYSE:PVL - Get Rating) major shareholder Permianville Holdings Llc sold 25,000 shares of Permianville Royalty Trust stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $3.81, for a total value of $95,250.00. Following the completion of the sale, the insider now directly owns 8,278,256 shares of the company's stock, valued at approximately $31,540,155.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.