SL Advisors LLC Acquires 30,000 Shares of NextDecade Co. (NASDAQ:NEXT)

Posted by Brian Wu on Jan 8th, 2025

SL Advisors LLC lifted its holdings in NextDecade Co. (NASDAQ:NEXT – Free Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 853,529 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. NextDecade comprises 10.9% of SL Advisors LLC’s holdings, making the stock its 2nd biggest position. SL Advisors LLC owned approximately 0.33% of NextDecade worth $6,581,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Twin Securities Inc. bought a new stake in NextDecade during the 3rd quarter worth about $52,000. Marshall Wace LLP raised its holdings in shares of NextDecade by 21.9% in the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after purchasing an additional 2,300 shares during the period. Principal Financial Group Inc. lifted its stake in NextDecade by 49.0% in the 2nd quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock valued at $124,000 after purchasing an additional 5,133 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in NextDecade during the third quarter worth about $77,000. Finally, American Century Companies Inc. bought a new stake in NextDecade in the second quarter valued at approximately $157,000. 66.74% of the stock is owned by institutional investors.

NextDecade Stock Performance

NASDAQ NEXT traded up $0.11 on Wednesday, reaching $7.82. The stock had a trading volume of 693,307 shares, compared to its average volume of 1,864,674. 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. The company has a market cap of $2.04 billion, a P/E ratio of -6.98 and a beta of 1.29. The firm has a fifty day moving average of $7.02 and a two-hundred day moving average of $6.36.