B. Riley Wealth Advisors Inc. Takes $136,000 Position in NET Power Inc. (NYSE:NPWR)

B. Riley Wealth Advisors Inc. acquired a new stake in shares of NET Power Inc. (NYSE:NPWR) in the second quarter, HoldingsChannel reports. The fund acquired 13,850 shares of the company’s stock, valued at approximately $136,000.

A number of other institutional investors have also recently bought and sold shares of NPWR. Encompass Capital Advisors LLC acquired a new stake in NET Power during the second quarter valued at $20,537,000. Vanguard Group Inc. lifted its position in shares of NET Power by 65.1% in the first quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock worth $27,617,000 after buying an additional 956,134 shares during the last quarter. Marshall Wace LLP lifted its position in shares of NET Power by 226.9% in the second quarter. Marshall Wace LLP now owns 583,688 shares of the company’s stock worth $5,738,000 after buying an additional 405,128 shares during the last quarter. Greenlight Capital Inc. lifted its position in shares of NET Power by 5.5% in the fourth quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company’s stock worth $30,220,000 after buying an additional 155,000 shares during the last quarter. Finally, Berylson Capital Partners LLC acquired a new stake in shares of NET Power in the fourth quarter worth about $1,303,000. Institutional investors and hedge funds own 53.62% of the company’s stock.

NET Power Price Performance

NYSE NPWR opened at $6.85 on Friday. NET Power Inc. has a twelve month low of $6.57 and a twelve month high of $15.20. The stock has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $9.42.

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

Analyst Ratings Changes

A number of analysts have weighed in on NPWR shares. Citigroup reduced their price target on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Barclays reduced their price target on NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th.

Insider Buying and Selling

In related news, major shareholder Npeh, Llc sold 66,825 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $7.88, for a total transaction of $526,581.00. Following the completion of the transaction, the insider now owns 189,329 shares of the company’s stock, valued at approximately $1,491,912.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NET Power news, major shareholder 8 Rivers Capital, Llc sold 8,871 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $7.01, for a total value of $62,185.71. Following the completion of the transaction, the insider now owns 960,078 shares of the company’s stock, valued at $6,730,146.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Npeh, Llc sold 66,825 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $7.88, for a total value of $526,581.00. Following the completion of the transaction, the insider now directly owns 189,329 shares of the company’s stock, valued at approximately $1,491,912.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 444,120 shares of company stock valued at $3,308,378. Insiders own 2.71% of the company’s stock.

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.