Investing.com - Financial Markets Worldwide

Energy capital partners buys SHEN stock worth $760k

Published 04/09/2025, 22:00
Energy capital partners buys SHEN stock worth $760k
SHEN
-0.55%

Energy Capital Partners IV-B (Hill City IP), LP, a ten percent owner of Shenandoah Telecommunications Co (NASDAQ:SHEN), has purchased shares of the company’s common stock for a total value of $760,393. The company, currently valued at $720.25 million, has maintained dividend payments for 30 consecutive years despite operating with significant debt of $526.8 million. According to InvestingPro analysis, the company faces liquidity challenges with a current ratio of 0.73.

The purchases occurred in two transactions. On September 2, 2025, 28,951 shares were bought at prices ranging from $12.92 to $13.30, with a weighted average price of $13.0079. The total value of this transaction was approximately $376,693. The following day, September 3, 2025, an additional 30,000 shares were purchased at prices ranging from $12.67 to $12.9895, with a weighted average price of $12.7934, for a total of $383,700. Despite recent challenges, the company has shown strong revenue growth of 20.36% in the last twelve months. Get deeper insights into SHEN’s financial health and more exclusive analysis with InvestingPro.

Following these transactions, the total shares owned by the reporting entities amounted to 3,436,184.

In other recent news, Shenandoah Telecommunications Company reported its second-quarter 2025 earnings, which highlighted mixed financial results. The company posted an earnings per share (EPS) of -$0.19, slightly better than the forecasted -$0.20. However, revenue fell short of expectations, reaching $88.6 million compared to the anticipated $90.52 million. In leadership developments, Shenandoah announced that Edward H. McKay will take over as President and Chief Executive Officer starting September 1, 2025. McKay, who is currently the Executive Vice President and Chief Operating Officer, will succeed Christopher E. French. French will transition to the role of Executive Chairman of the Board, where he will continue to influence company strategy. These recent developments come as the company navigates its financial performance and leadership changes.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.