TFG Asset Management GP Ltd Buys 2,669,067 Shares of Kolibri Global Energy Inc. (NASDAQ:KGEI)

TFG Asset Management GP Ltd grew its stake in shares of Kolibri Global Energy Inc. (NASDAQ:KGEI) by 37.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,739,635 shares of the company’s stock after purchasing an additional 2,669,067 shares during the quarter. Kolibri Global Energy comprises about 12.8% of TFG Asset Management GP Ltd’s portfolio, making the stock its 2nd biggest holding. TFG Asset Management GP Ltd owned about 27.47% of Kolibri Global Energy worth $51,815,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Truffle Hound Capital LLC acquired a new position in shares of Kolibri Global Energy during the 4th quarter worth approximately $2,660,000. 683 Capital Management LLC acquired a new position in shares of Kolibri Global Energy during the 4th quarter worth approximately $364,000. Finally, Millennium Management LLC increased its holdings in shares of Kolibri Global Energy by 47.0% during the 4th quarter. Millennium Management LLC now owns 62,992 shares of the company’s stock worth $335,000 after acquiring an additional 20,135 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm boosted their target price on Kolibri Global Energy from $6.75 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th.

Kolibri Global Energy Stock Performance

KGEI opened at $6.60 on Friday. The business has a fifty day simple moving average of $7.10 and a 200 day simple moving average of $6.37. The company has a market capitalization of $234.20 million, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.81 and a beta of 0.13. Kolibri Global Energy Inc. has a 1 year low of $2.85 and a 1 year high of $9.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.67.

Kolibri Global Energy (NASDAQ:KGEI) last released its quarterly earnings results on Monday, May 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $16.37 million during the quarter, compared to the consensus estimate of $25.32 million. Kolibri Global Energy had a return on equity of 9.18% and a net margin of 31.60%. Research analysts expect that Kolibri Global Energy Inc. will post 0.48 EPS for the current year.

Kolibri Global Energy Profile

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.