Traders Buy Large Volume of NextDecade Call Options (NASDAQ:NEXT)

NextDecade Co. (NASDAQ:NEXT) was the target of some unusual options trading on Thursday. Stock investors bought 6,065 call options on the stock. This represents an increase of 47% compared to the average volume of 4,114 call options.

NextDecade Stock Performance

Shares of NEXT traded up $0.47 during trading hours on Thursday, hitting $7.93. The stock had a trading volume of 1,258,830 shares, compared to its average volume of 2,011,563. The stock has a fifty day moving average price of $7.64 and a 200 day moving average price of $7.19. The firm has a market capitalization of $2.06 billion, a PE ratio of -7.08 and a beta of 0.80. NextDecade has a 12 month low of $4.27 and a 12 month high of $9.71. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). Analysts anticipate that NextDecade will post -0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NEXT. Exchange Traded Concepts LLC increased its position in shares of NextDecade by 258.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 22,540 shares of the company’s stock valued at $175,000 after purchasing an additional 16,244 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of NextDecade by 33.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 802,727 shares of the company’s stock worth $6,245,000 after buying an additional 200,000 shares during the last quarter. Broadway Wealth Solutions Inc. purchased a new position in NextDecade during the 1st quarter worth $79,000. Rhumbline Advisers lifted its position in NextDecade by 12.3% during the 1st quarter. Rhumbline Advisers now owns 166,090 shares of the company’s stock worth $1,292,000 after acquiring an additional 18,190 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of NextDecade by 2,302.6% in the first quarter. GAMMA Investing LLC now owns 6,535 shares of the company’s stock valued at $51,000 after purchasing an additional 6,263 shares during the period. Institutional investors and hedge funds own 66.74% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.