Yuma Energy, Inc. (YUMA) loses confidence of 2 hedge fund managers

Yuma Energy, Inc. (NYSE:YUMA) is on recovery track with 11.69% gain from a 1-year low price of $0.82. The company lost -4.24% to attain the price of $0.86 on 10/12/2017. Throughout the recent session, the prices were hovering between $0.85 and $0.9. These shares are -100% up from its target price of $0 and the current market capitalization stands at $19.76M. The recent change has given its price a -32% deficit over SMA 50 and -83.46% deficit over its 52-week high. The stock witnessed -40.28% declines, -60% declines and -67.11% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found YUMA’s volatility during a week at 7.32% and during a month it has been found around 10.82%.

Yuma Energy, Inc. (YUMA) Top Holders

Institutional investors currently hold around $6 million or 24.9% in YUMA stock. Look at its top three institutional owners. Red Mountain Capital Partners Llc owns $2.35 million in Yuma Energy, Inc., which represents roughly 11.87% of the company’s market cap and approximately 39.08% of the institutional ownership. Similar statistics are true for the second largest owner, Bain Capital Credit Member, Llc, which owns 1,607,301 shares of the stock are valued at $1.44 million. The third largest holder is Bain Capital Credit, Lp, which currently holds $1.44 million worth of this stock and that ownership represents nearly 7.3% of its market capitalization.

Yuma Energy, Inc. 13F Filings

At the end of 6/30/2017 reporting period, 7 institutional holders increased their position in Yuma Energy, Inc. (NYSE:YUMA) by some 1,648,943 shares, 5 decreased positions by 131,804 and 4 held positions by 5,207,879. That puts total institutional holdings at 6,988,626 shares, according to SEC filings. The stock grabbed 3 new institutional investments totaling 1,629,460 shares while 2 institutional investors sold out their entire positions totaling 48,792 shares.

Yuma Energy, Inc. (NYSE:YUMA) Insider Trades

Multiple company employees have indulged in significant insider trading. Yuma Energy, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Jacobs James J has acquired 35,000 shares of Yuma Energy, Inc. (YUMA) in trading session dated Oct. 03, 2017. These shares are worth $35,000 and were traded at $1 each. The SEC filing shows that Christmas James W performed a purchase of 277,754 shares. The Director added these shares by way of transaction on Oct. 03, 2017. The company’s shares were assimilated at $1 per share worth to an investment of some $277,754 on account of Christmas James W.

President and COO, Mckinney Paul D., purchased 250,000 common shares of Yuma Energy, Inc. (YUMA) in the open market. In a transaction dated Oct. 03, 2017, the shares were bought at an average price of $1, giving away a sum of $250,000. After this purchase, 291,846 common shares of YUMA are directly owned by the insider, with total stake valued at $250,988.

In the transaction dated Oct. 03, 2017, the great number of shares acquired came courtesy the CEO, 10% Owner; Banks Sam L. added a total of 300,000 shares at an average price of $1, amounting to approximately $300,000. The insider now directly owns 2,396,993 shares worth $2,061,414.

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