Insider Buying: Newpark Resources, Inc. (NYSE:NR) Director Buys 10,000 Shares of Stock
Newpark Resources, Inc. (NYSE:NR – Get Rating) Director John C. Minge acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average cost of $4.03 per share, with a total value of $40,300.00. Following the transaction, the director now owns 172,045 shares of the company’s stock, valued at $693,341.35. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Newpark Resources Trading Down 6.3 %
→ My No. 1 dividend stock for a LIFETIME of income. (From Oxford Club)
Shares of NYSE NR traded down $0.25 on Friday, reaching $3.75. 1,046,107 shares of the company traded hands, compared to its average volume of 664,563. Newpark Resources, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $4.91. The company has a current ratio of 2.61, a quick ratio of 1.70 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $4.50 and a 200 day moving average of $3.82.
Institutional Investors Weigh In On Newpark Resources
A number of institutional investors have recently bought and sold shares of NR. Perritt Capital Management Inc. purchased a new stake in Newpark Resources during the third quarter valued at about $202,000. Terril Brothers Inc. acquired a new position in shares of Newpark Resources in the 3rd quarter valued at about $38,000. Captrust Financial Advisors grew its holdings in shares of Newpark Resources by 216.1% during the 2nd quarter. Captrust Financial Advisors now owns 32,522 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 22,234 shares during the period. Bleakley Financial Group LLC acquired a new stake in Newpark Resources during the 4th quarter worth approximately $87,000. Finally, ProShare Advisors LLC acquired a new stake in Newpark Resources during the 4th quarter worth approximately $46,000. 78.30% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
NR has been the subject of several recent analyst reports. TheStreet raised shares of Newpark Resources from a “d+” rating to a “c” rating in a research note on Friday, February 17th. StockNews.com began coverage on Newpark Resources in a research report on Thursday. They issued a “buy” rating for the company.
Newpark Resources Company Profile
Newpark Resources, Inc engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the Fluids Systems and Industrial Solutions segments. The Fluids Systems segment offers drilling fluids products and technical services. The Industrial Solutions segments includes site and access solutions business along with industrial bending operations.
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