Princeton Alpha Management LP reduced its position in Newpark Resources Inc (NYSE:NR) by 38.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,189 shares of the oil and gas company’s stock after selling 8,962 shares during the period. Princeton Alpha Management LP’s holdings in Newpark Resources were worth $115,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of NR. Metropolitan Life Insurance Co. NY raised its position in shares of Newpark Resources by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 63,100 shares of the oil and gas company’s stock worth $473,000 after buying an additional 180 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Newpark Resources by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 18,720 shares of the oil and gas company’s stock valued at $138,000 after buying an additional 330 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Newpark Resources by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 34,500 shares of the oil and gas company’s stock valued at $279,000 after buying an additional 500 shares during the last quarter. Miles Capital Inc. increased its stake in Newpark Resources by 7.3% in the fourth quarter. Miles Capital Inc. now owns 26,469 shares of the oil and gas company’s stock valued at $199,000 after buying an additional 1,799 shares during the last quarter. Finally, GW&K Investment Management LLC increased its stake in Newpark Resources by 16.5% in the first quarter. GW&K Investment Management LLC now owns 13,240 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 1,880 shares during the last quarter. Hedge funds and other institutional investors own 95.89% of the company’s stock.

Institutional Ownership by Quarter for Newpark Resources (NYSE:NR)

Shares of Newpark Resources Inc (NYSE:NR) traded up 2.56% during midday trading on Friday, hitting $8.00. 342,100 shares of the company were exchanged. The stock’s market cap is $710.78 million. Newpark Resources Inc has a one year low of $4.26 and a one year high of $8.75. The stock’s 50-day moving average is $7.87 and its 200-day moving average is $7.61.

Newpark Resources (NYSE:NR) last announced its quarterly earnings results on Thursday, April 27th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Newpark Resources had a negative net margin of 8.63% and a negative return on equity of 6.78%. The firm had revenue of $158.70 million for the quarter, compared to analyst estimates of $150.48 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. The business’s revenue was up 38.6% on a year-over-year basis. Equities research analysts anticipate that Newpark Resources Inc will post $0.06 EPS for the current year.

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NR has been the subject of several research analyst reports. Cowen and Company downgraded shares of Newpark Resources from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $7.50 to $8.00 in a research report on Thursday, January 19th. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Tuesday, January 24th. Finally, TheStreet raised shares of Newpark Resources from a “d” rating to a “c-” rating in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Newpark Resources presently has an average rating of “Buy” and an average price target of $22.82.

In other Newpark Resources news, insider Paul L. Howes sold 141,140 shares of Newpark Resources stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $7.95, for a total value of $1,122,063.00. Following the transaction, the insider now owns 502,625 shares of the company’s stock, valued at $3,995,868.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bruce Campbell Smith sold 33,630 shares of Newpark Resources stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $8.03, for a total transaction of $270,048.90. Following the completion of the transaction, the executive vice president now directly owns 248,026 shares in the company, valued at approximately $1,991,648.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 243,552 shares of company stock worth $1,953,674. Insiders own 4.70% of the company’s stock.

About Newpark Resources

Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.

5 Day Chart for NYSE:NR

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