Deutsche Bank AG Sells 46,500 Shares of TransGlobe Energy Co. (TGA)

Deutsche Bank AG cut its holdings in shares of TransGlobe Energy Co. (NASDAQ:TGA) (TSE:TGL) by 17.8% during the 4th quarter, Holdings Channel reports. The firm owned 215,400 shares of the basic materials company’s stock after selling 46,500 shares during the quarter. Deutsche Bank AG’s holdings in TransGlobe Energy were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TGA. Two Sigma Advisers LP lifted its holdings in shares of TransGlobe Energy by 16.6% in the fourth quarter. Two Sigma Advisers LP now owns 71,065 shares of the basic materials company’s stock worth $133,000 after buying an additional 10,100 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of TransGlobe Energy by 276.4% in the third quarter. BlackRock Inc. now owns 52,702 shares of the basic materials company’s stock worth $176,000 after buying an additional 38,700 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of TransGlobe Energy in the fourth quarter worth about $711,000. Wedge Capital Management L L P NC lifted its holdings in shares of TransGlobe Energy by 27.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 443,976 shares of the basic materials company’s stock worth $830,000 after buying an additional 94,819 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of TransGlobe Energy by 9.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 559,708 shares of the basic materials company’s stock worth $1,043,000 after buying an additional 47,828 shares in the last quarter. 44.66% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of TransGlobe Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st.

Shares of TransGlobe Energy stock opened at $1.52 on Friday. TransGlobe Energy Co. has a 12-month low of $1.48 and a 12-month high of $4.13. The stock has a market capitalization of $121.14 million, a PE ratio of 3.38 and a beta of 1.09. The company has a current ratio of 2.47, a quick ratio of 2.11 and a debt-to-equity ratio of 0.23.

TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) last announced its quarterly earnings results on Monday, May 13th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter. TransGlobe Energy had a return on equity of 2.79% and a net margin of 6.72%. The firm had revenue of $69.22 million during the quarter. On average, analysts anticipate that TransGlobe Energy Co. will post 0.82 earnings per share for the current year.

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About TransGlobe Energy

TransGlobe Energy Corporation, together with its subsidiaries, engages in the exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds an interest in five production sharing concessions, including West Gharib, West Bakr, South Alamein, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in the Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of west central Alberta, Canada.

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Institutional Ownership by Quarter for TransGlobe Energy (NASDAQ:TGA)

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