State Board of Administration of Florida Retirement System maintained its stake in shares of Newpark Resources, Inc. (NYSE:NR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,252 shares of the oil and gas company’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in Newpark Resources were worth $674,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GW&K Investment Management LLC boosted its stake in shares of 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 worth $107,000 after buying an additional 1,880 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Newpark Resources during the first quarter worth approximately $135,000. Trexquant Investment LP boosted its stake in shares of Newpark Resources by 57.6% in the fourth quarter. Trexquant Investment LP now owns 25,278 shares of the oil and gas company’s stock worth $190,000 after buying an additional 9,234 shares during the last quarter. Miles Capital Inc. boosted its stake in shares of 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 worth $199,000 after buying an additional 1,799 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of 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 worth $279,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

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

Shares of Newpark Resources, Inc. (NYSE:NR) opened at 6.65 on Friday. The company’s 50 day moving average price is $7.61 and its 200 day moving average price is $7.71. The stock’s market cap is $590.83 million. Newpark Resources, Inc. has a 52-week low of $5.08 and a 52-week high of $8.75.

Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Thursday, April 27th. The oil and gas company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Newpark Resources had a negative return on equity of 4.34% and a negative net margin of 5.51%. The company had revenue of $158.70 million during the quarter, compared to analyst estimates of $150.48 million. During the same period in the previous year, the business earned ($0.16) EPS. Newpark Resources’s quarterly revenue was up 38.6% on a year-over-year basis. On average, analysts anticipate that Newpark Resources, Inc. will post $0.06 earnings per share for the current year.

WARNING: This article was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/06/23/newpark-resources-inc-nr-position-held-by-state-board-of-administration-of-florida-retirement-system.html.

Separately, Zacks Investment Research upgraded Newpark Resources from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $25.63.

In other Newpark Resources news, Director David C. Anderson sold 15,124 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $7.35, for a total transaction of $111,161.40. Following the completion of the sale, the director now directly owns 187,841 shares in the company, valued at approximately $1,380,631.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul L. Howes sold 141,140 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $7.95, for a total value of $1,122,063.00. Following the sale, the insider now owns 502,625 shares of the company’s stock, valued at $3,995,868.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 293,048 shares of company stock valued at $2,341,186. 4.70% of the stock is owned by company insiders.

Newpark Resources Company Profile

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.

Want to see what other hedge funds are holding NR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newpark Resources, Inc. (NYSE:NR).

Receive News & Ratings for Newpark Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.