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Chairman and CEO of Atlas Resource Partners LP Edward E. Cohen Bought 35,000 Shares

June 17, 2013 | About:

Atlas Resource Partners LP owns natural gas and oil development and production assets. Atlas Resource Partners LP has a market cap of $983.7 million; its shares were traded at around $22.55 . The dividend yield of Atlas Resource Partners LP stocks is 6.50%.

On June 14, 2013, Chairman and CEO of Atlas Resource Partners LP (ARP) Edward E. Cohen bought 35,000 shares at an average price of $21.75. The total transaction amount is $761,250.

CEO and Chairman Edward E. Cohen holds a Ph.D. degree and an A.M. degree from Princeton University in ancient history and a Juris Doctor and an A.B. degree both from the University of Pennsylvania. He has served as Chairman and CEO of Atlas Resource Partners LP since February 2012.

Also on June 14, Vice Chairman Jonathan Z. Cohen bought 35,000 shares of ARP stock at the average price of $21.75. Director Bruce M Wolf bought 1,000 shares of ARP stock on March 14, 2013 at the average price of $23.55.

As of the quarter that ended on March 31, 2013, Leon Cooperman, who owns 2,675,235 shares, kept his position in ARP unchanged or slightly adjusted. This counts for 1% of the $6.46 billion portfolio of Omega Advisors.

Atlas Resource Partners LP reported their 2013 first quarter financial results. The company reported net loss of $5.4 million and revenues of $112.05 million.

Rating: 2.0/5 (3 votes)


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