Shareholder Perkins Capital Management Has Lifted Ring Energy (REI) Position; As New York Reit (NYRT) Valuation Rose, Shareholder Financial & Investment Management Group LTD Decreased Holding

Monday, 30 April 2018

Shareholder Perkins Capital Management Has Lifted Ring Energy (REI) Position; As New York Reit (NYRT) Valuation Rose, Shareholder Financial & Investment Management Group LTD Decreased Holding

Ring Energy, Inc. (NYSEAMERICAN:REI) Logo

Perkins Capital Management Inc increased its stake in Ring Energy Inc (REI) by 767.25% based on its latest 2017Q4 regulatory filing with the SEC. Perkins Capital Management Inc bought 76,725 shares as the company’s stock declined 3.07% with the market. The institutional investor held 86,725 shares of the energy company at the end of 2017Q4, valued at $1.21 million, up from 10,000 at the end of the previous reported quarter. Perkins Capital Management Inc who had been investing in Ring Energy Inc for a number of months, seems to be bullish on the $995.19M market cap company. The stock decreased 2.43% or $0.41 during the last trading session, reaching $16.48. About 316,774 shares traded. Ring Energy, Inc. (NYSEMKT:REI) has risen 45.39% since April 30, 2017 and is uptrending. It has outperformed by 33.84% the S&P500.

Financial & Investment Management Group Ltd decreased its stake in New York Reit Inc (NYRT) by 53.58% based on its latest 2017Q4 regulatory filing with the SEC. Financial & Investment Management Group Ltd sold 537,387 shares as the company’s stock rose 5.30% while stock markets declined. The institutional investor held 465,554 shares of the consumer services company at the end of 2017Q4, valued at $1.83 million, down from 1.00M at the end of the previous reported quarter. Financial & Investment Management Group Ltd who had been investing in New York Reit Inc for a number of months, seems to be less bullish one the $368.60M market cap company. The stock decreased 0.54% or $0.12 during the last trading session, reaching $21.95. About 81,512 shares traded. New York REIT, Inc. (NYSE:NYRT) has declined 23.37% since April 30, 2017 and is downtrending. It has underperformed by 34.92% the S&P500.

Perkins Capital Management Inc, which manages about $176.63M and $104.00M US Long portfolio, decreased its stake in Axogen Inc (NASDAQ:AXGN) by 45,448 shares to 494,150 shares, valued at $13.98 million in 2017Q4, according to the filing.

Among 8 analysts covering Ring Energy Inc (NYSEMKT:REI), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ring Energy Inc had 10 analyst reports since July 21, 2015 according to SRatingsIntel. KLR Group initiated it with “Buy” rating and $20 target in Thursday, December 21 report. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) has “Mkt Perform” rating given on Wednesday, January 6 by FBR Capital. Canaccord Genuity initiated Ring Energy, Inc. (NYSEAMERICAN:REI) on Tuesday, October 20 with “Buy” rating. The company was maintained on Thursday, May 12 by Wunderlich. Rodman & Renshaw initiated it with “Buy” rating and $15 target in Monday, August 29 report. Wunderlich maintained Ring Energy, Inc. (NYSEAMERICAN:REI) rating on Wednesday, November 11. Wunderlich has “Buy” rating and $14 target. The rating was maintained by Northland Capital with “Outperform” on Tuesday, July 28.

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. New York REIT had 10 analyst reports since October 9, 2015 according to SRatingsIntel. On Friday, October 9 the stock rating was upgraded by JMP Securities to “Mkt Outperform”. The company was maintained on Friday, December 1 by SunTrust. The rating was maintained by SunTrust with “Hold” on Friday, November 3. On Thursday, June 30 the stock rating was initiated by Compass Point with “Buy”. Evercore upgraded the stock to “Buy” rating in Monday, November 16 report. SunTrust maintained New York REIT, Inc. (NYSE:NYRT) rating on Wednesday, January 31. SunTrust has “Hold” rating and $3.0 target. As per Friday, October 30, the company rating was initiated by Compass Point. The firm earned “Hold” rating on Sunday, March 18 by SunTrust.

Financial & Investment Management Group Ltd, which manages about $825.08M and $288.51 million US Long portfolio, upped its stake in Nokia Corp (NYSE:NOK) by 509,555 shares to 1.66 million shares, valued at $7.75 million in 2017Q4, according to the filing. It also increased its holding in Kennedy (NYSE:KW) by 180,638 shares in the quarter, for a total of 712,052 shares, and has risen its stake in Brixmor Ppty Group Inc (NYSE:BRX).

Ring Energy, Inc. (NYSEAMERICAN:REI) Institutional Positions Chart