Marshall Wace LLP Acquires 405,128 Shares of NET Power Inc. (NYSE:NPWR)

Marshall Wace LLP lifted its holdings in shares of NET Power Inc. (NYSE:NPWR) by 226.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 583,688 shares of the company’s stock after purchasing an additional 405,128 shares during the quarter. Marshall Wace LLP’s holdings in NET Power were worth $5,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Pekin Hardy Strauss Inc. lifted its holdings in NET Power by 5.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 29,365 shares of the company’s stock valued at $289,000 after purchasing an additional 1,500 shares during the last quarter. Palo Duro Investment Partners LP boosted its holdings in shares of NET Power by 4.3% during the 4th quarter. Palo Duro Investment Partners LP now owns 139,417 shares of the company’s stock worth $1,408,000 after buying an additional 5,803 shares during the period. Williams Jones Wealth Management LLC. acquired a new position in NET Power in the 1st quarter valued at about $128,000. K2 Principal Fund L.P. bought a new position in NET Power in the 1st quarter valued at about $148,000. Finally, XTX Topco Ltd bought a new position in NET Power in the 2nd quarter valued at about $133,000. 53.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NET Power

In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 26,926 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $7.00, for a total value of $188,482.00. Following the transaction, the insider now directly owns 73,074 shares of the company’s stock, valued at approximately $511,518. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 26,926 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $7.00, for a total value of $188,482.00. Following the sale, the insider now owns 73,074 shares of the company’s stock, valued at approximately $511,518. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Npeh, Llc sold 83,325 shares of NET Power stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $8.10, for a total value of $674,932.50. Following the completion of the transaction, the insider now owns 416,675 shares in the company, valued at approximately $3,375,067.50. The disclosure for this sale can be found here. Insiders sold a total of 378,231 shares of company stock valued at $2,843,806 over the last quarter. 2.71% of the stock is owned by corporate insiders.

NET Power Trading Down 2.9 %

NYSE NPWR opened at $7.01 on Tuesday. The company has a 50 day moving average of $8.16 and a 200-day moving average of $9.61. NET Power Inc. has a 1-year low of $6.57 and a 1-year high of $15.60.

NET Power (NYSE:NPWR) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $0.24 million during the quarter. Sell-side analysts expect that NET Power Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on NPWR. Citigroup decreased their target price on NET Power from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Barclays lowered their price objective on NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th.

NET Power Profile

NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.