Marathon Trading Investment Management LLC Reduces Stock Holdings in NET Power Inc. (NYSE:NPWR)

Marathon Trading Investment Management LLC reduced its holdings in NET Power Inc. (NYSE:NPWR) by 77.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,283 shares of the company’s stock after selling 35,418 shares during the period. Marathon Trading Investment Management LLC’s holdings in NET Power were worth $101,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Williams Jones Wealth Management LLC. acquired a new position in shares of NET Power in the 1st quarter valued at $128,000. K2 Principal Fund L.P. acquired a new position in shares of NET Power in the 1st quarter valued at $148,000. Neuberger Berman Group LLC acquired a new position in shares of NET Power in the 4th quarter valued at $163,000. Jump Financial LLC acquired a new position in shares of NET Power in the 4th quarter valued at $197,000. Finally, Summit Securities Group LLC acquired a new position in NET Power during the second quarter worth $268,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

NET Power Stock Performance

NYSE:NPWR opened at $6.72 on Thursday. The company has a fifty day moving average of $8.51 and a two-hundred day moving average of $9.69. NET Power Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $16.34.

NET Power (NYSE:NPWR) last issued its earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $0.24 million for the quarter. As a group, sell-side analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NPWR shares. Citigroup reduced their price objective on shares of NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Barclays reduced their price objective on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th.

Insider Activity at NET Power

In related news, major shareholder Npeh, Llc sold 21,155 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.28, for a total value of $154,008.40. Following the completion of the sale, the insider now owns 107,852 shares of the company’s stock, valued at $785,162.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 269,419 shares of company stock valued at $2,080,519. 2.71% of the stock is owned by company insiders.

NET Power Company Profile

NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.