New Fortress Energy LLC (NASDAQ:NFE) Director Buys $142,000.00 in Stock
New Fortress Energy LLC (NASDAQ:NFE) Director John J. Mack bought 10,000 shares of New Fortress Energy stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $14.20 per share, for a total transaction of $142,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NFE opened at $15.51 on Monday. The stock’s 50-day moving average is $12.12. New Fortress Energy LLC has a 12 month low of $8.90 and a 12 month high of $16.11.
New Fortress Energy (NASDAQ:NFE) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.02). The business had revenue of $39.77 million during the quarter, compared to the consensus estimate of $42.91 million. Sell-side analysts expect that New Fortress Energy LLC will post -1.14 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Emerald Mutual Fund Advisers Trust acquired a new position in shares of New Fortress Energy during the first quarter worth about $9,129,000. Federated Investors Inc. PA acquired a new position in shares of New Fortress Energy during the first quarter worth about $13,194,000. Dean Capital Investments Management LLC acquired a new position in shares of New Fortress Energy during the first quarter worth about $536,000. Tortoise Index Solutions LLC acquired a new position in shares of New Fortress Energy during the first quarter worth about $257,000. Finally, Endurance Wealth Management Inc. acquired a new position in shares of New Fortress Energy during the second quarter worth about $304,000. Institutional investors own 6.69% of the company’s stock.
About New Fortress Energy
New Fortress Energy LLC operates as an integrated gas-to-power company. The company's activities include natural gas procurement and liquefaction; provision of logistics and shipping services; development and operation of terminals; and conversion or development of natural gas-fired generation. It intends to serve power, transportation, and industrial users of natural gas and LNG.
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