Raffles Associates LP Sells 47,000 Shares of Energy Services of America Co. (NASDAQ:ESOA)

Raffles Associates LP lowered its position in shares of Energy Services of America Co. (NASDAQ:ESOA) by 21.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,533 shares of the company’s stock after selling 47,000 shares during the period. Energy Services of America comprises about 1.7% of Raffles Associates LP’s investment portfolio, making the stock its 19th biggest holding. Raffles Associates LP’s holdings in Energy Services of America were worth $1,620,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Energy Services of America by 32.5% during the first quarter. Vanguard Group Inc. now owns 424,892 shares of the company’s stock worth $3,505,000 after purchasing an additional 104,299 shares during the period. Quadrature Capital Ltd purchased a new stake in Energy Services of America in the 1st quarter worth approximately $106,000. Ritholtz Wealth Management lifted its holdings in Energy Services of America by 46.7% in the 2nd quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock worth $436,000 after buying an additional 19,380 shares during the period. American Century Companies Inc. grew its position in shares of Energy Services of America by 257.5% in the 2nd quarter. American Century Companies Inc. now owns 117,124 shares of the company’s stock worth $839,000 after buying an additional 84,362 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Energy Services of America by 20.7% during the second quarter. Dimensional Fund Advisors LP now owns 178,625 shares of the company’s stock valued at $1,279,000 after acquiring an additional 30,694 shares in the last quarter. Institutional investors own 2.13% of the company’s stock.

Energy Services of America Trading Up 2.2 %

NASDAQ:ESOA opened at $16.09 on Friday. The firm’s fifty day simple moving average is $11.83 and its 200 day simple moving average is $9.26. Energy Services of America Co. has a twelve month low of $3.46 and a twelve month high of $16.49.

Energy Services of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.03 per share. This is a positive change from Energy Services of America’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.75%. Energy Services of America’s payout ratio is presently 16.39%.

Insider Activity at Energy Services of America

In related news, Director Samuel G. Kapourales sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $10.10, for a total value of $505,000.00. Following the sale, the director now directly owns 714,191 shares of the company’s stock, valued at $7,213,329.10. This represents a 6.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack M. Reynolds sold 25,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $10.30, for a total value of $257,500.00. Following the completion of the transaction, the director now owns 408,385 shares of the company’s stock, valued at approximately $4,206,365.50. This trade represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. 44.68% of the stock is owned by corporate insiders.

About Energy Services of America

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.