Twin Securities Inc. Takes Position in NextDecade Co. (NASDAQ:NEXT)

Posted by George Bondi on Nov 30th, 2024

Twin Securities Inc. purchased a new stake in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,042 shares of the company’s stock, valued at approximately $52,000. NextDecade makes up approximately 0.1% of Twin Securities Inc.’s investment portfolio, making the stock its 13th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its stake in NextDecade by 4.3% during the third quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company’s stock worth $17,085,000 after acquiring an additional 150,800 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of NextDecade during the second quarter valued at approximately $23,231,000. Charles Schwab Investment Management Inc. boosted its position in shares of NextDecade by 43.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock worth $5,015,000 after purchasing an additional 321,603 shares in the last quarter. Wolf Hill Capital Management LP purchased a new stake in shares of NextDecade in the 2nd quarter worth approximately $7,096,000. Finally, SL Advisors LLC raised its stake in NextDecade by 5.1% during the third quarter. SL Advisors LLC now owns 823,529 shares of the company’s stock valued at $3,879,000 after buying an additional 39,830 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

NextDecade Price Performance

Shares of NASDAQ:NEXT opened at $7.24 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of -6.46 and a beta of 1.25. The business has a fifty day moving average price of $5.97 and a 200-day moving average price of $6.44. NextDecade Co. has a 1-year low of $4.26 and a 1-year high of $8.52. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49.