Schneider Capital Management Corp Buys Shares of 37,465 SilverBow Resources Inc. (SBOW)

Schneider Capital Management Corp bought a new position in SilverBow Resources Inc. (NYSE:SBOW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,465 shares of the company’s stock, valued at approximately $980,000. Schneider Capital Management Corp owned approximately 0.33% of SilverBow Resources at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SBOW. Pentwater Capital Management LP acquired a new stake in SilverBow Resources during the 2nd quarter valued at $15,114,000. Matlinpatterson Global Advisers LLC acquired a new stake in SilverBow Resources during the 2nd quarter valued at $9,405,000. Wells Fargo & Company MN acquired a new stake in SilverBow Resources during the 2nd quarter valued at $7,476,000. Vanguard Group Inc. acquired a new stake in SilverBow Resources during the 2nd quarter valued at $4,637,000. Finally, State Street Corp acquired a new stake in SilverBow Resources during the 2nd quarter valued at $1,834,000. 31.00% of the stock is owned by institutional investors and hedge funds.

SilverBow Resources Inc. (NYSE:SBOW) traded up 1.07% during midday trading on Friday, reaching $22.60. The company had a trading volume of 1,650 shares. The stock has a market cap of $260.49 million and a P/E ratio of 0.56. The firm has a 50-day moving average of $22.85 and a 200-day moving average of $25.17. SilverBow Resources Inc. has a 12 month low of $19.89 and a 12 month high of $35.70.

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In related news, CEO Sean C. Woolverton purchased 1,043 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $24.29 per share, for a total transaction of $25,334.47. Following the completion of the acquisition, the chief executive officer now owns 64,847 shares of the company’s stock, valued at $1,575,133.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sean C. Woolverton purchased 982 shares of the stock in a transaction dated Monday, July 17th. The shares were bought at an average price of $25.49 per share, with a total value of $25,031.18. Following the completion of the acquisition, the chief executive officer now directly owns 62,698 shares of the company’s stock, valued at approximately $1,598,172.02. The disclosure for this purchase can be found here. Insiders have bought 5,315 shares of company stock valued at $127,120 over the last quarter.

SBOW has been the subject of a number of recent analyst reports. Seaport Global Securities initiated coverage on SilverBow Resources in a report on Tuesday, August 1st. They set a “neutral” rating and a $25.00 price target for the company. Stephens initiated coverage on SilverBow Resources in a report on Friday, September 29th. They set an “overweight” rating and a $28.00 price target for the company. BidaskClub cut SilverBow Resources from a “hold” rating to a “sell” rating in a report on Wednesday. Northland Securities initiated coverage on SilverBow Resources in a report on Thursday, September 28th. They set an “outperform” rating and a $42.00 price target for the company. Finally, Zacks Investment Research cut SilverBow Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $31.67.

SilverBow Resources Company Profile

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

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