Marshall Wace LLP Buys 2,300 Shares of NextDecade Co. (NASDAQ:NEXT)

Marshall Wace LLP lifted its position in NextDecade Co. (NASDAQ:NEXT) by 21.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,800 shares of the company’s stock after purchasing an additional 2,300 shares during the quarter. Marshall Wace LLP’s holdings in NextDecade were worth $102,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. acquired a new stake in NextDecade during the 1st quarter worth $60,000. Banque Pictet & Cie SA acquired a new stake in NextDecade during the second quarter worth about $108,000. nVerses Capital LLC bought a new position in NextDecade in the second quarter valued at about $122,000. American Century Companies Inc. acquired a new stake in shares of NextDecade during the 2nd quarter valued at $157,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in NextDecade by 12.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock worth $128,000 after acquiring an additional 2,458 shares during the last quarter. Institutional investors own 66.74% of the company’s stock.

Insider Buying and Selling

In other NextDecade news, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of the stock in a transaction on Monday, July 29th. The shares were purchased at an average price of $7.50 per share, with a total value of $87,681,817.50. Following the acquisition, the insider now directly owns 17,536,369 shares in the company, valued at approximately $131,522,767.50. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Hgc Next Inv Llc acquired 11,690,909 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were purchased at an average price of $7.50 per share, for a total transaction of $87,681,817.50. Following the completion of the acquisition, the insider now owns 17,536,369 shares in the company, valued at approximately $131,522,767.50. This represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $263,045,527.50. Following the completion of the sale, the director now directly owns 4,264,298 shares in the company, valued at approximately $31,982,235. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

NextDecade Trading Up 7.4 %

NASDAQ:NEXT opened at $5.63 on Monday. The firm has a market cap of $1.45 billion, a P/E ratio of -33.12 and a beta of 1.28. NextDecade Co. has a 52 week low of $4.01 and a 52 week high of $8.52. 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 firm’s fifty day moving average is $4.94 and its 200-day moving average is $6.38.

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

About NextDecade

NextDecade Corp. is a development company.