Falcon Minerals Corp (FLMN) Major Shareholder Acquires $445,489.90 in Stock

Falcon Minerals Corp (NASDAQ:FLMN) major shareholder Hite Hedge Asset Management Ll bought 54,130 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The stock was purchased at an average cost of $8.23 per share, with a total value of $445,489.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Hite Hedge Asset Management Ll also recently made the following trade(s):

  • On Monday, February 4th, Hite Hedge Asset Management Ll acquired 59,455 shares of Falcon Minerals stock. The shares were bought at an average cost of $8.24 per share, with a total value of $489,909.20.
  • On Thursday, December 27th, Hite Hedge Asset Management Ll bought 1,019,285 shares of Falcon Minerals stock. The shares were acquired at an average cost of $7.26 per share, with a total value of $7,400,009.10.

NASDAQ FLMN opened at $7.34 on Friday. Falcon Minerals Corp has a 1-year low of $6.71 and a 1-year high of $11.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 34.70 and a current ratio of 34.70.



Falcon Minerals (NASDAQ:FLMN) last released its quarterly earnings data on Friday, November 9th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.14). The company had revenue of $24.28 million during the quarter, compared to analysts’ expectations of $29.70 million. On average, research analysts predict that Falcon Minerals Corp will post 0.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Thursday, February 21st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 10.90%. The ex-dividend date of this dividend is Wednesday, February 20th.

FLMN has been the subject of a number of analyst reports. Zacks Investment Research downgraded Falcon Minerals from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Citigroup began coverage on Falcon Minerals in a research note on Thursday, November 29th. They issued a “buy” rating and a $11.00 price objective for the company. ValuEngine downgraded Falcon Minerals from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Northland Securities set a $10.00 price objective on Falcon Minerals and gave the company a “buy” rating in a research note on Friday. Finally, Credit Suisse Group began coverage on Falcon Minerals in a research note on Friday, December 7th. They issued an “outperform” rating and a $11.00 price objective for the company. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.19.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLMN. HITE Hedge Asset Management LLC increased its stake in Falcon Minerals by 52.8% in the 4th quarter. HITE Hedge Asset Management LLC now owns 6,429,479 shares of the company’s stock valued at $54,651,000 after purchasing an additional 2,220,598 shares in the last quarter. Brookfield Asset Management Inc. acquired a new stake in Falcon Minerals during the 3rd quarter valued at $11,275,000. Vanguard Group Inc acquired a new stake in Falcon Minerals during the 3rd quarter valued at $10,156,000. Vanguard Group Inc. acquired a new stake in Falcon Minerals during the 3rd quarter valued at $10,156,000. Finally, Soros Fund Management LLC acquired a new stake in Falcon Minerals during the 3rd quarter valued at $7,700,000. 70.97% of the stock is owned by hedge funds and other institutional investors.

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Falcon Minerals Company Profile

Falcon Minerals Corporation acquires, owns, maintains, and manages mineral interests, mineral royalties, and overriding royalties relating to onshore unconventional shale oil and natural gas properties in the United States; and any associated interests and royalties relating to conventional oil and natural gas properties.

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