Bardin Hill Investment Partner Acquires 357,021 Shares of NextDecade (NASDAQ:NEXT) Stock

Key Points

• Bardin Hill Investment Partner, a director at NextDecade, purchased 357,021 shares at an average price of $6.98, totaling approximately $2.49 million, increasing their stake by 4% to nearly 9.3 million shares.
• NextDecade's stock recently traded at $6.45, showing a decline of 1.2%, with a market capitalization of $1.69 billion and a current P/E ratio of -8.27.
• Recent analyst ratings suggest mixed sentiment, with one firm downgrading the stock from "buy" to "hold," while another raised its rating to "strong-buy," indicating a consensus rating of "hold" with a target price of around $9.00.

NextDecade Corporation (NASDAQ:NEXT - Get Free Report) Director Bardin Hill Investment Partner acquired 357,021 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was acquired at an average price of $6.98 per share, for a total transaction of $2,492,006.58. Following the completion of the purchase, the director directly owned 9,274,894 shares of the company's stock, valued at $64,738,760.12. This trade represents a 4.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NextDecade Stock Performance

NEXT traded up $0.30 during midday trading on Monday, reaching $6.88. The company's stock had a trading volume of 5,614,494 shares, compared to its average volume of 5,065,864. NextDecade Corporation has a twelve month low of $4.59 and a twelve month high of $12.12. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.77. The stock has a market cap of $1.80 billion, a P/E ratio of -8.82 and a beta of 1.35. The company has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $8.70.

NextDecade (NASDAQ:NEXT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.23). Research analysts expect that NextDecade Corporation will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NEXT. Westwood Holdings Group Inc. increased its holdings in NextDecade by 6.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,255,874 shares of the company's stock valued at $11,190,000 after purchasing an additional 76,238 shares in the last quarter. Castleark Management LLC increased its stake in shares of NextDecade by 98.8% in the second quarter. Castleark Management LLC now owns 106,250 shares of the company's stock valued at $947,000 after buying an additional 52,810 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of NextDecade by 89.1% in the second quarter. Tower Research Capital LLC TRC now owns 14,910 shares of the company's stock valued at $133,000 after buying an additional 7,024 shares during the last quarter. Captrust Financial Advisors lifted its position in NextDecade by 6.2% during the 2nd quarter. Captrust Financial Advisors now owns 55,444 shares of the company's stock worth $494,000 after buying an additional 3,219 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of NextDecade by 249.2% in the second quarter. BNP Paribas Financial Markets now owns 30,842 shares of the company's stock worth $275,000 after acquiring an additional 22,009 shares during the last quarter. Institutional investors own 66.74% of the company's stock.

Analyst Upgrades and Downgrades

NEXT has been the topic of a number of recent research reports. Zacks Research raised NextDecade from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Morgan Stanley restated an "equal weight" rating and issued a $10.00 target price (down from $15.00) on shares of NextDecade in a research note on Friday, September 12th. TD Cowen reiterated a "hold" rating and set a $8.00 price target (down previously from $11.00) on shares of NextDecade in a research note on Monday, September 15th. Cowen cut shares of NextDecade from a "buy" rating to a "hold" rating in a research note on Monday, September 15th. Finally, Seaport Res Ptn upgraded shares of NextDecade to a "strong-buy" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $9.00.

NextDecade Company Profile

NextDecade Corp. is a development company.