Raffles Associates LP Has $1.56 Million Stake in Energy Services of America Co. (NASDAQ:ESOA)

Raffles Associates LP boosted its position in Energy Services of America Co. (NASDAQ:ESOA) by 22.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,533 shares of the company’s stock after purchasing an additional 40,142 shares during the period. Energy Services of America accounts for about 1.8% of Raffles Associates LP’s portfolio, making the stock its 16th biggest holding. Raffles Associates LP’s holdings in Energy Services of America were worth $1,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in Energy Services of America during the 1st quarter worth approximately $106,000. CreativeOne Wealth LLC bought a new stake in shares of Energy Services of America in the first quarter worth $109,000. LSV Asset Management acquired a new stake in Energy Services of America in the first quarter valued at $116,000. Advisor Resource Council bought a new position in Energy Services of America during the 1st quarter worth $126,000. Finally, Denali Advisors LLC acquired a new position in Energy Services of America during the 1st quarter worth about $154,000. 2.13% of the stock is owned by institutional investors and hedge funds.

Energy Services of America Price Performance

Shares of ESOA stock opened at $10.08 on Tuesday. The stock has a 50-day moving average of $8.76 and a 200-day moving average of $7.86. Energy Services of America Co. has a 1-year low of $3.46 and a 1-year high of $11.16.

Energy Services of America (NASDAQ:ESOA) last released its quarterly earnings results on Monday, August 12th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.27. The firm had revenue of $85.92 million for the quarter, compared to the consensus estimate of $91.23 million.

Insider Buying and Selling at Energy Services of America

In other news, Director Frank S. Lucente sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $10.30, for a total transaction of $51,500.00. Following the transaction, the director now owns 287,137 shares in the company, valued at $2,957,511.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Energy Services of America news, Director Frank S. Lucente sold 3,000 shares of Energy Services of America stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $10.80, for a total transaction of $32,400.00. Following the completion of the transaction, the director now owns 281,337 shares in the company, valued at approximately $3,038,439.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank S. Lucente sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $10.30, for a total value of $51,500.00. Following the completion of the sale, the director now directly owns 287,137 shares of the company’s stock, valued at $2,957,511.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,576 shares of company stock valued at $1,567,557. 44.68% of the stock is currently owned by insiders.

Energy Services of America Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.