K2 Principal Fund L.P. Buys 20,026 Shares of NET Power Inc. (NYSE:NPWR)

K2 Principal Fund L.P. increased its stake in NET Power Inc. (NYSE:NPWR) by 153.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,037 shares of the company’s stock after acquiring an additional 20,026 shares during the quarter. K2 Principal Fund L.P.’s holdings in NET Power were worth $325,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. grew its holdings in NET Power by 5.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 29,365 shares of the company’s stock worth $289,000 after acquiring an additional 1,500 shares during the period. Palo Duro Investment Partners LP increased its holdings in NET Power by 4.3% in the fourth quarter. Palo Duro Investment Partners LP now owns 139,417 shares of the company’s stock worth $1,408,000 after purchasing an additional 5,803 shares in the last quarter. Williams Jones Wealth Management LLC. acquired a new position in NET Power in the first quarter valued at approximately $128,000. XTX Topco Ltd bought a new position in shares of NET Power during the 2nd quarter worth approximately $133,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of NET Power by 32.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 63,821 shares of the company’s stock worth $727,000 after buying an additional 15,778 shares in the last quarter. 53.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of NET Power stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.02, for a total transaction of $562,456.44. Following the completion of the transaction, the insider now owns 342,364 shares in the company, valued at approximately $2,403,395.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Npeh, Llc sold 83,325 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.10, for a total transaction of $674,932.50. Following the transaction, the insider now directly owns 416,675 shares of the company’s stock, valued at $3,375,067.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 8 Rivers Capital, Llc sold 80,122 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.02, for a total transaction of $562,456.44. Following the transaction, the insider now owns 342,364 shares in the company, valued at $2,403,395.28. The disclosure for this sale can be found here. Insiders have sold 349,541 shares of company stock worth $2,642,976 in the last quarter. Insiders own 2.71% of the company’s stock.

NET Power Stock Down 2.0 %

Shares of NYSE:NPWR opened at $6.80 on Tuesday. NET Power Inc. has a twelve month low of $6.57 and a twelve month high of $15.87. The stock’s 50 day moving average is $8.35 and its 200-day moving average is $9.67.

NET Power (NYSE:NPWR) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $0.24 million for the quarter. Equities analysts anticipate that NET Power Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NPWR has been the topic of a number of research reports. Barclays dropped their target price on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Citigroup cut their price objective on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th.

NET Power Profile

NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.