NextDecade Co. (NASDAQ:NEXT) is SL Advisors LLC’s 3rd Largest Position

SL Advisors LLC grew its holdings in NextDecade Co. (NASDAQ:NEXT) by 5.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 823,529 shares of the company’s stock after acquiring an additional 39,830 shares during the quarter. NextDecade comprises 7.0% of SL Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. SL Advisors LLC owned about 0.32% of NextDecade worth $3,879,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NEXT. Mubadala Investment Co PJSC acquired a new stake in shares of NextDecade in the 4th quarter valued at about $67,764,000. Bridger Management LLC acquired a new stake in shares of NextDecade in the fourth quarter valued at approximately $324,000. Principal Financial Group Inc. purchased a new position in shares of NextDecade during the first quarter worth approximately $60,000. BNP Paribas Financial Markets grew its position in shares of NextDecade by 164.5% during the first quarter. BNP Paribas Financial Markets now owns 57,727 shares of the company’s stock worth $328,000 after acquiring an additional 35,906 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of NextDecade in the 1st quarter valued at $1,726,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Price Performance

Shares of NextDecade stock opened at $5.13 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.45 and a quick ratio of 0.45. NextDecade Co. has a 1 year low of $4.01 and a 1 year high of $8.52. The company’s fifty day moving average is $5.11 and its two-hundred day moving average is $6.38.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.28). As a group, sell-side analysts forecast that NextDecade Co. will post -1.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Hgc Next Inv Llc acquired 11,690,909 shares of the business’s stock in a transaction on Monday, July 29th. The stock was bought at an average price of $7.50 per share, for a total transaction of $87,681,817.50. Following the transaction, the insider now owns 17,536,369 shares in the company, valued at $131,522,767.50. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NextDecade news, major shareholder Hgc Next Inv Llc acquired 11,690,909 shares of the stock in a transaction on Monday, July 29th. The shares were bought at an average price of $7.50 per share, with a total value of $87,681,817.50. Following the acquisition, the insider now owns 17,536,369 shares of the company’s stock, valued at $131,522,767.50. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director York Capital Management Global sold 35,072,737 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $7.50, for a total value of $263,045,527.50. Following the transaction, the director now directly owns 4,264,298 shares of the company’s stock, valued at approximately $31,982,235. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

NextDecade Company Profile

NextDecade Corp. is a development company.