Dynamic Technology Lab Private Ltd Purchases Shares of 11,669 NET Power Inc. (NYSE:NPWR)

Dynamic Technology Lab Private Ltd purchased a new position in shares of NET Power Inc. (NYSE:NPWR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,669 shares of the company’s stock, valued at approximately $82,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in NET Power by 65.1% during the 1st quarter. Vanguard Group Inc. now owns 2,424,662 shares of the company’s stock worth $27,617,000 after buying an additional 956,134 shares during the period. Encompass Capital Advisors LLC bought a new stake in shares of NET Power in the 2nd quarter valued at $20,537,000. SIR Capital Management L.P. bought a new stake in NET Power during the 2nd quarter valued at $971,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in NET Power during the 3rd quarter valued at $394,000. Finally, S&CO Inc. grew its stake in shares of NET Power by 25.3% in the 3rd quarter. S&CO Inc. now owns 251,905 shares of the company’s stock worth $1,765,000 after acquiring an additional 50,805 shares in the last quarter. 53.62% of the stock is owned by institutional investors.

NET Power Price Performance

Shares of NET Power stock opened at $11.82 on Wednesday. The business has a fifty day simple moving average of $9.46 and a two-hundred day simple moving average of $9.23. NET Power Inc. has a 12 month low of $6.57 and a 12 month high of $14.28.

NET Power (NYSE:NPWR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.17. During the same period in the prior year, the company earned ($0.44) EPS. On average, sell-side analysts anticipate that NET Power Inc. will post -0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NPWR shares. Barclays decreased their price objective on shares of NET Power from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. US Capital Advisors raised NET Power to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Citigroup dropped their price objective on NET Power from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th.

Insider Activity

In related news, major shareholder 8 Rivers Capital, Llc sold 517,618 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $7.12, for a total transaction of $3,685,440.16. Following the sale, the insider now owns 199,369 shares of the company’s stock, valued at $1,419,507.28. This trade represents a 72.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Npeh, Llc sold 60,022 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $7.60, for a total value of $456,167.20. Following the completion of the transaction, the insider now owns 129,307 shares of the company’s stock, valued at approximately $982,733.20. The trade was a 31.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,022,884 shares of company stock valued at $19,438,603 in the last ninety days. Corporate insiders own 2.71% of the company’s stock.

NET Power 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.