The most recent Form 13F filing that Assenagon Asset Management S.A. made with the SEC revealed that during the third quarter, the company’s stake in Newpark Resources, Inc. (NYSE: N.R.) was reduced by 83.4%. After selling 315,384 shares of the stock throughout the relevant period, the fund had 62,739 shares of the oil and gas company’s stock in its possession at the time of the relevant inquiry. According to the most recent document that Assenagon Asset Management S.A. submitted to the SEC, the company’s holdings in Newpark Resources amount to approximately 0.07% of the company’s total outstanding shares, which are currently valued at $158,000.
Several significant investors have also changed how they invest in the company’s stock. During the second quarter, Captrust Financial Advisors made a 216.1% purchase of additional Newpark Resources stock, bringing the total amount of that company’s shares it owned to 58.4%. During the last three months, Captrust Financial Advisors has increased its holdings in the oil and gas industry by purchasing an additional 22,234 shares of stock. This brings the total number of shares it owns in this industry to 32,522, with a value of $100,000. The Jane Street Group LLC increased the percentage of Newpark Resources in which it is invested by 124.4% during the second quarter. The oil and gas company’s largest shareholder, Jane Street Group LLC, increased its stake in the business by 17.67% during its fourth quarter, making it its largest shareholder. The value of one share of the company’s stock is currently $99,000, and Jane Street Group LLC possesses 31,882 shares. Ocado Quantitative Strategies L.P. increased its investment in Newpark Resources during the second quarter by purchasing a new position. This brought the total value of their holdings up to approximately $205,000 at the end of the period. During the second quarter, AQR Capital Management LLC successfully achieved its goal of acquiring an additional 86.2% ownership stake in Newpark Resources. AQR Capital Management LLC has increased its holdings in the oil and gas company by purchasing a total of 383,769 shares, which have an estimated value of $1,186,000. This is a direct result of purchasing an additional 177,653 shares during the preceding quarter to complete the transaction. In addition, during the second quarter, Cubist Systematic Strategies LLC saw a growth of 175.9% in the amount of Newpark Resources it held in its portfolio. This increase occurred between the ends of the first and second quarters. In the most recent quarter, Cubist Systematic Strategies LLC purchased 145,323 shares in the oil and gas company. As a result of this activity, the company now owns a total of 227,928 shares in the enterprise, which have a value of $704,000. Institutional investors and hedge funds as ownership stakes in the company hold a total of 78.30% of the company’s outstanding shares.
In related news, on November 21, corporate director Donald Win Young purchased 30,000 shares of company stock. This is just one of the latest developments relating to this topic. The total cost of the shares was $118,200.00, which works out to a price of $3.94 per share on an average basis. The director is now the direct owner of 247,601 shares of the company, which together have an approximate value of $975,547.94 due to the successful completion of the transaction. This page contains the filing containing the information about the transaction provided to the Securities and Exchange Commission (SEC). You can access the filing by clicking here. Over the past three months, company insiders have spent $158,849 to acquire 40,251 shares. 5.8 company insiders own a percent of the total number of shares in the company.
Separately, on October 12, a research report was released by StockNews.com. This publication began that website’s coverage of Newpark Resources’ shares. They recommended that shareholders “hold” their shares of the company.
On Thursday, the cost of purchasing a share of N.R. stock was $4.52 per share. The moving average for the company over the past 50 days is $4.12, and the moving average over the last 200 days is $3.42. The debt-to-equity ratio is 0.32, the current ratio is 2.76, and the quick ratio is 1.84. All three ratios are presented in their most recent forms. The price of a share of Newpark Resources, Inc., has ranged from $2.38 to $4.91 over the past year, with a low of $2.38 and a high of $4.91. The company’s current market capitalization is $425.09 million, its price-to-earnings ratio is reported to be -12.91, and its beta is reported to be 2.85.
On November 1, the most recent quarterly earnings report for Newpark Resources (NYSE: N.R.) was made public for the investing community to view. At the end of the third quarter, the oil and gas company reported a profit of $0.06 per share. The return on equity for Newpark Resources was positive, coming in at 1.00%, but the net margin for the company was negative, coming in at 4.35%. The sum of $219.85 million was recorded as the total revenue for the business during the relevant period.
Newpark Resources, Inc., which is in the business of buying, renting, and providing services to those in the industry, serves the business of oil and gas exploration and production. They do this by catering to the needs of those in the industry. Fluids Systems and Industrial Solutions are each separate and distinct business divisions within the larger company. In addition to providing customers with technical support services, the Fluids Systems company offers its clientele a wide selection of drilling fluids. The Industrial Solutions business segment encompasses a variety of offerings, including but not limited to industrial bending operations, site and access solutions, and other associated services.