Penbrook Management Lowers stake in Atlas Resource Partners L.P. (ARP)

Atlas Resource Partners L.P. (ARP) : Penbrook Management reduced its stake in Atlas Resource Partners L.P. by 0.26% during the most recent quarter end. The investment management company now holds a total of 114,700 shares of Atlas Resource Partners L.P. which is valued at $81,552 after selling 300 shares in Atlas Resource Partners L.P. , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Atlas Resource Partners L.P. makes up approximately 0.09% of Penbrook Management’s portfolio.

Atlas Resource Partners L.P. opened for trading at $0.72 and hit $0.79 on the upside on Wednesday, eventually ending the session at $0.7824, with a gain of 8.68% or 0.0625 points. The heightened volatility saw the trading volume jump to 11,53,671 shares. Company has a market cap of $80 M.

Other Hedge Funds, Including , Shikiar Asset Management Inc reduced its stake in ARP by selling 90,000 shares or 56.25% in the most recent quarter. The Hedge Fund company now holds 70,000 shares of ARP which is valued at $49,770. Atlas Resource Partners L.P. makes up approx 0.02% of Shikiar Asset Management Inc’s portfolio. Advocacy Wealth Management Services sold out all of its stake in ARP during the most recent quarter. The investment firm sold 1,650 shares of ARP which is valued $1,173.Creative Planning boosted its stake in ARP in the latest quarter, The investment management firm added 33,189 additional shares and now holds a total of 287,092 shares of Atlas Resource Partners L.P. which is valued at $215,319.

Many Wall Street Analysts have commented on Atlas Resource Partners L.P.. Atlas Resource Partners L.P. was Downgraded by Citigroup to ” Sell” on Mar 21, 2016. Stifel Downgraded Atlas Resource Partners L.P. on Feb 29, 2016 to ” Sell”, Price Target of the shares are set at $0.50.Atlas Resource Partners L.P. was Downgraded by Wells Fargo to ” Underperform” on Feb 18, 2016.

Atlas Resource Partners L.P. is an independent developer and producer of natural gas crude oil and natural gas liquids (NGL) with operations in basins across the United States. The Company is a sponsor and manager of tax-advantaged investment partnerships (Drilling Partnerships) in which it co-invests to finance a portion of its natural gas crude oil and natural gas liquids production activities. The Company operates through three segments: gas and oil production well construction and completion and other partnership management. As of December 31 2014 its production positions were in the area including Barnett Shale/Marble Falls Appalachian Basin Coal-Bed Methane Rangely Eagle Ford and Mississippi Lime/Hunton.

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