Nationwide Fund Advisors Invests $104,000 in SilverBow Resources Inc. (SBOW) Stock

Nationwide Fund Advisors bought a new stake in SilverBow Resources Inc. (NYSE:SBOW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,959 shares of the company’s stock, valued at approximately $104,000.

A number of other large investors have also bought and sold shares of SBOW. Matlinpatterson Global Advisers LLC purchased a new stake in SilverBow Resources in the second quarter valued at $9,405,000. Spark Investment Management LLC purchased a new stake in SilverBow Resources in the second quarter valued at $279,000. Kornitzer Capital Management Inc. KS purchased a new stake in SilverBow Resources in the second quarter valued at $862,000. Schwab Charles Investment Management Inc. purchased a new stake in SilverBow Resources in the second quarter valued at $309,000. Finally, SG Americas Securities LLC purchased a new stake in SilverBow Resources in the second quarter valued at $148,000. Institutional investors own 29.90% of the company’s stock.

SBOW has been the topic of several research analyst reports. BidaskClub downgraded SilverBow Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded SilverBow Resources from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Seaport Global Securities initiated coverage on SilverBow Resources in a report on Tuesday, August 1st. They issued a “neutral” rating and a $25.00 price objective on the stock. Stephens initiated coverage on SilverBow Resources in a report on Friday, September 29th. They issued an “overweight” rating and a $28.00 price objective on the stock. Finally, Northland Securities initiated coverage on SilverBow Resources in a report on Thursday, September 28th. They issued an “outperform” rating and a $42.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. SilverBow Resources currently has a consensus rating of “Hold” and a consensus price target of $31.67.

TRADEMARK VIOLATION NOTICE: This story was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://sportsperspectives.com/2017/11/22/nationwide-fund-advisors-invests-104000-in-silverbow-resources-inc-sbow-stock.html.

In related news, CEO Sean C. Woolverton bought 1,119 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was purchased at an average cost of $22.86 per share, with a total value of $25,580.34. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sean C. Woolverton bought 1,043 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $24.29 per share, with a total value of $25,334.47. Following the completion of the purchase, the chief executive officer now directly owns 64,847 shares in the company, valued at $1,575,133.63. The disclosure for this purchase can be found here. Insiders purchased a total of 5,550 shares of company stock worth $127,280 in the last quarter.

Shares of SilverBow Resources Inc. (NYSE:SBOW) opened at $22.63 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.55 and a current ratio of 0.55. SilverBow Resources Inc. has a 1-year low of $19.89 and a 1-year high of $35.70.

SilverBow Resources Profile

Want to see what other hedge funds are holding SBOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SilverBow Resources Inc. (NYSE:SBOW).

Institutional Ownership by Quarter for SilverBow Resources (NYSE:SBOW)

Receive News & Ratings for SilverBow Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SilverBow Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply