61 hedge funds sold their entire positions in Spark Energy, Inc. (SPKE)

Spark Energy, Inc. (NASDAQ:SPKE) went up to recover about 18% since recording its record low price of $11.525. The stock experienced -9.63% slump, arriving at $13.6 on Nov. 3, 2017. During the day, the stock price traveled from $13.55 to $15.2. This company shares are 57.35% off its target price of $21.4 and the current market capitalization stands at $469.34M. The recent change has given its price a -10.27% deficit over SMA 50 and -42.49% deficit over its 52-week high. The stock witnessed -2.86% declines, -34.14% declines and -17.7% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SPKE’s volatility during a week at 5.61% and during a month it has been found around 4.29%.

Spark Energy, Inc. (SPKE) Top Holders

Institutional investors currently hold around $171 million or 0% in SPKE stock. Look at its top three institutional owners. Jpmorgan Chase & Co owns $16.68 million in Spark Energy, Inc., which represents roughly 3.55% of the company’s market cap and approximately 9.75% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,220,209 shares of the stock are valued at $16.6 million. The third largest holder is Crow Point Partners, Llc, which currently holds $13.81 million worth of this stock and that ownership represents nearly 2.94% of its market capitalization.

Spark Energy, Inc. 13F Filings

At the end of 06/30/2017 reporting period, 42 institutional holders increased their position in Spark Energy, Inc. (NASDAQ:SPKE) by some 1,244,143 shares, 61 decreased positions by 1,653,696 and 14 held positions by 9,692,368. That puts total institutional holdings at 12,590,207 shares, according to SEC filings. The stock grabbed 13 new institutional investments totaling 376,691 shares while 18 institutional investors sold out their entire positions totaling 467,801 shares.

Spark Energy, Inc. (NASDAQ:SPKE) Insider Trades

Multiple company employees have indulged in significant insider trading. Spark Energy, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Vice President General Counsel Melman Gil has sold 4,000 shares of Spark Energy, Inc. (SPKE) in trading session dated Sep. 21, 2017. These shares are worth $63,560 and were traded at $15.89 each. The SEC filing shows that Maxwell W Keith Iii performed a purchase of 47,200 shares. The Director, 10% Owner added these shares by way of transaction on Sep. 15, 2017. The company’s shares were assimilated at $16.72 per share worth to an investment of some $789,184 on account of Maxwell W Keith Iii.

Director, 10% Owner, Maxwell W Keith Iii, purchased 11,400 common shares of Spark Energy, Inc. (SPKE) in the open market. In a transaction dated Sep. 14, 2017, the shares were bought at an average price of $16.37, giving away a sum of $186,618. After this purchase, 1,523,081 common shares of SPKE are directly owned by the insider, with total stake valued at $20,713,902.

In the transaction dated Sep. 12, 2017, the great number of shares acquired came courtesy the Director, 10% Owner; Maxwell W Keith Iii added a total of 21,900 shares at an average price of $15.76, amounting to approximately $345,144. The insider now directly owns 1,511,681 shares worth $20,558,862.

Spark Energy, Inc. (SPKE) Analyst Guide

Several analysts have released their opinion on Spark Energy, Inc. (NASDAQ:SPKE), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.5 average brokerage recommendation.

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