Gilder Gagnon Howe & Co. LLC decreased its stake in shares of Lilis Energy Inc (NYSEAMERICAN:LLEX) by 33.2% during the 3rd quarter, Holdings Channel reports. The firm owned 493,662 shares of the company’s stock after selling 244,845 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Lilis Energy were worth $2,419,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Millennium Management LLC bought a new position in Lilis Energy in the first quarter worth about $135,000. Biegel & Waller LLC lifted its holdings in Lilis Energy by 66.7% in the third quarter. Biegel & Waller LLC now owns 62,500 shares of the company’s stock worth $306,000 after acquiring an additional 25,000 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Lilis Energy by 19.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 85,300 shares of the company’s stock worth $444,000 after acquiring an additional 13,600 shares during the last quarter. Perella Weinberg Partners Capital Management LP bought a new position in Lilis Energy in the second quarter worth about $590,000. Finally, EAM Investors LLC bought a new position in Lilis Energy in the second quarter worth about $630,000.
In related news, CFO Joseph C. Daches acquired 30,000 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were acquired at an average price of $4.01 per share, for a total transaction of $120,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Wood acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were bought at an average price of $4.83 per share, for a total transaction of $48,300.00. Following the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $144,900. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 71,000 shares of company stock worth $293,850 and sold 7,181,832 shares worth $35,189,197.
Shares of NYSEAMERICAN:LLEX opened at $3.12 on Friday. Lilis Energy Inc has a 52 week low of $2.57 and a 52 week high of $6.30.
Lilis Energy (NYSEAMERICAN:LLEX) last announced its quarterly earnings results on Thursday, August 9th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.12). Lilis Energy had a negative net margin of 115.71% and a negative return on equity of 419.18%. The firm had revenue of $17.48 million during the quarter, compared to analyst estimates of $21.78 million.
Several equities research analysts have commented on the stock. Ifs Securities assumed coverage on shares of Lilis Energy in a research note on Monday, October 29th. They issued an “outperform” rating on the stock. Williams Capital lowered shares of Lilis Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from $8.00 to $5.00 in a research note on Wednesday, October 17th. Finally, Stifel Nicolaus dropped their price target on shares of Lilis Energy from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $7.33.
Lilis Energy Company Profile
Lilis Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of conventional and unconventional oil and natural gas properties. Its total net acreage in the Permian Basin is approximately 19,000 acres. The company's oil and natural gas properties are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.
Featured Article: What are the benefits of a balanced fund?
Want to see what other hedge funds are holding LLEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lilis Energy Inc (NYSEAMERICAN:LLEX).
Receive News & Ratings for Lilis Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lilis Energy and related companies with MarketBeat.com's FREE daily email newsletter.