NextDecade Co. (NASDAQ:NEXT – Get Free Report) was the recipient of some unusual options trading on Monday. Stock investors acquired 5,164 call options on the company. This is an increase of approximately 203% compared to the typical daily volume of 1,704 call options.
NextDecade Stock Performance
NEXT remained flat at $4.72 during midday trading on Monday. The company’s stock had a trading volume of 251,459 shares, compared to its average volume of 1,555,253. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a 50 day moving average of $5.84 and a two-hundred day moving average of $6.42. NextDecade has a 1 year low of $4.01 and a 1 year high of $8.52.
NextDecade (NASDAQ:NEXT – Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.28). Equities analysts forecast that NextDecade will post -1.23 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Research Report on NextDecade
Insider Buying and Selling at NextDecade
In other NextDecade news, Director York Capital Management Global sold 35,072,737 shares of the firm’s stock in a transaction 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 sale, the director now owns 4,264,298 shares of the company’s stock, valued at approximately $31,982,235. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Hgc Next Inv Llc bought 11,690,909 shares of the business’s stock in a transaction on Monday, July 29th. The shares were purchased at an average cost 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. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director York Capital Management Global sold 35,072,737 shares of NextDecade stock in a transaction dated 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 completion of the transaction, the director now directly owns 4,264,298 shares of the company’s stock, valued at $31,982,235. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Hedge Funds Weigh In On NextDecade
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. purchased a new position in NextDecade in the first quarter valued at approximately $60,000. Carlton Hofferkamp & Jenks Wealth Management LLC bought a new stake in NextDecade during the 1st quarter valued at $87,000. Marshall Wace LLP raised its holdings in NextDecade by 21.9% during the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after acquiring an additional 2,300 shares during the period. Banque Pictet & Cie SA bought a new stake in NextDecade during the 2nd quarter valued at $108,000. Finally, nVerses Capital LLC bought a new stake in NextDecade during the 2nd quarter valued at $122,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.
NextDecade Company Profile
NextDecade Corp. is a development company.
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