SG Americas Securities LLC Makes New $107,000 Investment in HighPeak Energy, Inc. (NASDAQ:HPK)

SG Americas Securities LLC purchased a new position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) in the 3rd quarter, Holdings Channel reports. The firm purchased 7,744 shares of the company’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPK. Denali Advisors LLC increased its position in shares of HighPeak Energy by 80.2% in the second quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock valued at $4,496,000 after acquiring an additional 142,300 shares during the last quarter. Interval Partners LP acquired a new position in shares of HighPeak Energy during the 2nd quarter worth approximately $1,684,000. American Century Companies Inc. increased its position in shares of HighPeak Energy by 26.8% during the 2nd quarter. American Century Companies Inc. now owns 520,698 shares of the company’s stock worth $7,321,000 after purchasing an additional 110,099 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of HighPeak Energy by 15.6% during the 1st quarter. Wasatch Advisors LP now owns 521,150 shares of the company’s stock worth $8,219,000 after purchasing an additional 70,385 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of HighPeak Energy by 49.6% in the 1st quarter. Empowered Funds LLC now owns 153,164 shares of the company’s stock valued at $2,415,000 after buying an additional 50,812 shares during the last quarter. 24.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their target price on shares of HighPeak Energy from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Monday, September 30th.

Insider Transactions at HighPeak Energy

In other news, CEO Jack Hightower acquired 100,000 shares of HighPeak Energy stock in a transaction dated Friday, September 20th. The stock was bought at an average price of $15.54 per share, for a total transaction of $1,554,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,959,255 shares in the company, valued at approximately $77,066,822.70. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders purchased 203,821 shares of company stock worth $3,154,206. 77.50% of the stock is owned by insiders.

HighPeak Energy Stock Up 2.1 %

HighPeak Energy stock opened at $14.39 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.93 and a quick ratio of 0.90. The company’s 50-day moving average is $14.74 and its 200-day moving average is $14.89. The firm has a market capitalization of $1.84 billion, a PE ratio of 11.60 and a beta of 0.68. HighPeak Energy, Inc. has a fifty-two week low of $12.20 and a fifty-two week high of $18.22.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Monday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.22). HighPeak Energy had a net margin of 14.05% and a return on equity of 15.99%. The business had revenue of $275.30 million during the quarter, compared to the consensus estimate of $282.56 million. During the same quarter in the prior year, the company earned $0.28 EPS. HighPeak Energy’s quarterly revenue was up 14.3% on a year-over-year basis. Sell-side analysts anticipate that HighPeak Energy, Inc. will post 0.91 earnings per share for the current year.

HighPeak Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 3rd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, September 3rd. HighPeak Energy’s payout ratio is presently 12.90%.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.