Kestrel Investment Management Corp Sells 26,900 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Kestrel Investment Management Corp decreased its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,350 shares of the company’s stock after selling 26,900 shares during the period. Vitesse Energy comprises approximately 2.0% of Kestrel Investment Management Corp’s holdings, making the stock its 27th largest holding. Kestrel Investment Management Corp owned approximately 0.47% of Vitesse Energy worth $2,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VTS. BlackRock Inc. purchased a new stake in Vitesse Energy in the second quarter worth $39,523,000. State Street Corp purchased a new position in shares of Vitesse Energy during the second quarter valued at $21,417,000. Nuveen Asset Management LLC purchased a new position in shares of Vitesse Energy during the second quarter valued at $14,708,000. Dimensional Fund Advisors LP purchased a new position in shares of Vitesse Energy during the second quarter valued at $10,856,000. Finally, Geode Capital Management LLC purchased a new position in shares of Vitesse Energy during the second quarter valued at $10,501,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Stock Up 0.8 %

Shares of Vitesse Energy stock traded up $0.18 during trading on Friday, hitting $23.00. 185,695 shares of the stock traded hands, compared to its average volume of 229,591. The stock’s fifty day simple moving average is $22.92 and its 200 day simple moving average is $22.59. Vitesse Energy, Inc. has a 52-week low of $16.83 and a 52-week high of $27.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.15. The firm has a market cap of $677.35 million, a P/E ratio of -30.38 and a beta of -0.09.

Vitesse Energy (NYSE:VTS) last posted its earnings results on Monday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). Vitesse Energy had a negative net margin of 9.22% and a negative return on equity of 2.89%. The company had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $63.83 million. On average, equities analysts predict that Vitesse Energy, Inc. will post 1.27 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 8.70%. The ex-dividend date was Thursday, March 14th. Vitesse Energy’s dividend payout ratio is presently -263.16%.

Vitesse Energy Company Profile

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.