William Blair Investment Management LLC Takes $32.69 Million Position in BKV Corporation $BKV

William Blair Investment Management LLC purchased a new position in shares of BKV Corporation (NYSE:BKV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,194,790 shares of the company’s stock, valued at approximately $32,689,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Cooper Creek Partners Management LLC increased its stake in BKV by 24.7% in the 1st quarter. Cooper Creek Partners Management LLC now owns 2,103,230 shares of the company’s stock valued at $59,984,000 after buying an additional 416,281 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of BKV by 13.0% during the 1st quarter. Bank of New York Mellon Corp now owns 544,932 shares of the company’s stock worth $15,541,000 after buying an additional 62,485 shares in the last quarter. Oxbow Advisors LLC purchased a new position in shares of BKV in the 2nd quarter worth approximately $3,701,000. Geode Capital Management LLC boosted its stake in shares of BKV by 40.4% in the 4th quarter. Geode Capital Management LLC now owns 556,539 shares of the company’s stock worth $15,114,000 after buying an additional 160,171 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of BKV by 34.3% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,701 shares of the company’s stock worth $155,000 after buying an additional 1,455 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BKV. Citigroup decreased their price target on BKV from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, June 11th. Zacks Research upgraded BKV from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Weiss Ratings cut BKV from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Barclays upped their price objective on BKV from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised BKV from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

Insider Transactions at BKV

In other BKV news, insider Lindsay B. Larrick sold 10,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $26.16, for a total value of $261,600.00. Following the sale, the insider directly owned 83,925 shares in the company, valued at $2,195,478. The trade was a 10.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Tameron sold 4,321 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $26.56, for a total value of $114,765.76. Following the transaction, the chief financial officer directly owned 58,524 shares in the company, valued at $1,554,397.44. This represents a 6.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 53,198 shares of company stock valued at $1,405,521 in the last three months. 2.51% of the stock is currently owned by company insiders.

BKV Stock Performance

Shares of BKV stock opened at $24.24 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.10 and a current ratio of 1.15. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 8.85 and a beta of 1.08. BKV Corporation has a 52 week low of $20.08 and a 52 week high of $32.81. The firm’s 50-day simple moving average is $25.54 and its two-hundred day simple moving average is $27.61.

BKV (NYSE:BKV) last released its earnings results on Thursday, August 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. BKV had a net margin of 17.73% and a return on equity of 6.67%. The firm had revenue of $465.54 million during the quarter, compared to the consensus estimate of $355.25 million. As a group, equities analysts forecast that BKV Corporation will post 1.77 earnings per share for the current year.

BKV Profile

BKV Corporation engages in the acquisition, operation, and development of natural gas and NGL properties. It is also involved in the gathering, processing, and transportation of natural gas. The company was founded in 2015 and is based in Denver, Colorado with additional offices in Tunkhannock, Pennsylvania and Fort Worth, Texas. BKV Corporation, LLC operates as a subsidiary of Banpu North America Corporation.