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