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Insider Trends: Insider Buying Continued with Purchase of PHX Minerals Stock

05/11/2021 12:36

04:24 PM EDT, 05/11/2021 (MT Newswires) -- Edenbrook Capital Llc, 10% Owner, purchased 100,000 shares in PHX Minerals (PHX) on May 07, 2021, for $271,430. Following the Form 4 filing with the SEC, Edenbrook Capital has indirect ownership of 4,425,767 shares of company stock, which has a market value of $11.8 million as of the prior-day closing price.

There have been 13 insider transactions during the 90-day period prior to the date of this filing from the activities of 7 separate insiders all of which have been purchases and resulted in the acquisition of 1,840,165 company shares. Relative to the preceding 90-day window of time, there were 5 transactions from 3 insiders that resulted in the net acquisition of 301,016 shares.

This is a lower level of transactions than the peer group average in the 227-company Oil & Gas Exploration and Production peer group over the last 90-day period. Within the peer group activity averaged 55.9 transactions per company, and disposition of 35,216 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/315131/000106299321004388/xslF345X03/form4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.