GSA Capital Partners LLP Has $122,000 Stock Holdings in Newpark Resources, Inc. (NYSE:NR)

GSA Capital Partners LLP grew its stake in shares of Newpark Resources, Inc. (NYSE:NR) by 68.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,618 shares of the oil and gas company’s stock after buying an additional 7,140 shares during the quarter. GSA Capital Partners LLP’s holdings in Newpark Resources were worth $122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NR. CWM LLC grew its stake in shares of Newpark Resources by 114.5% in the second quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock worth $81,000 after purchasing an additional 5,193 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Newpark Resources during the second quarter worth $91,000. SG Americas Securities LLC acquired a new position in Newpark Resources in the third quarter valued at $116,000. Catalina Capital Group LLC grew its holdings in Newpark Resources by 10.6% during the 2nd quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 1,360 shares during the period. Finally, First Bank & Trust grew its stake in Newpark Resources by 10.0% during the third quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 1,965 shares during the period. Institutional investors own 80.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NR. HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of Newpark Resources in a report on Monday, November 11th. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Newpark Resources Trading Up 1.8 %

NYSE:NR opened at $8.06 on Tuesday. The stock’s fifty day moving average price is $7.11 and its two-hundred day moving average price is $7.61. The company has a market cap of $697.19 million, a P/E ratio of -4.40 and a beta of 2.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00. Newpark Resources, Inc. has a 1 year low of $5.61 and a 1 year high of $8.65.

Newpark Resources Company Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.