Samalin Investment Counsel LLC Buys New Position in New Fortress Energy Inc. (NASDAQ:NFE)

Samalin Investment Counsel LLC bought a new stake in New Fortress Energy Inc. (NASDAQ:NFE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,420 shares of the company’s stock, valued at approximately $188,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFE. KBC Group NV boosted its position in shares of New Fortress Energy by 116.9% during the 3rd quarter. KBC Group NV now owns 3,436 shares of the company’s stock valued at $31,000 after purchasing an additional 1,852 shares in the last quarter. Quest Partners LLC boosted its position in shares of New Fortress Energy by 209.9% during the 3rd quarter. Quest Partners LLC now owns 35,421 shares of the company’s stock valued at $322,000 after purchasing an additional 23,993 shares in the last quarter. Nicolet Advisory Services LLC bought a new position in shares of New Fortress Energy during the 3rd quarter valued at about $104,000. Rockefeller Capital Management L.P. boosted its position in shares of New Fortress Energy by 77.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 221,477 shares of the company’s stock valued at $2,013,000 after purchasing an additional 96,728 shares in the last quarter. Finally, Capstone Investment Advisors LLC boosted its position in shares of New Fortress Energy by 138.0% during the 3rd quarter. Capstone Investment Advisors LLC now owns 26,551 shares of the company’s stock valued at $241,000 after purchasing an additional 15,395 shares in the last quarter. Institutional investors own 58.61% of the company’s stock.

New Fortress Energy Price Performance

NFE stock opened at $11.17 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.35 and a debt-to-equity ratio of 4.06. New Fortress Energy Inc. has a one year low of $7.58 and a one year high of $30.80. The firm has a market capitalization of $3.06 billion, a PE ratio of 12.27 and a beta of 1.58. The firm has a 50-day moving average of $12.29 and a two-hundred day moving average of $11.34.

New Fortress Energy (NASDAQ:NFE) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The company had revenue of $679.00 million during the quarter, compared to analyst estimates of $613.24 million. New Fortress Energy had a net margin of 7.84% and a return on equity of 15.60%. On average, analysts forecast that New Fortress Energy Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NFE. Morgan Stanley reduced their price objective on shares of New Fortress Energy from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft set a $8.00 price objective on shares of New Fortress Energy in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus reduced their price objective on shares of New Fortress Energy from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.00.

Insider Transactions at New Fortress Energy

In related news, CFO Christopher S. Guinta purchased 5,000 shares of New Fortress Energy stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $8.57 per share, with a total value of $42,850.00. Following the completion of the transaction, the chief financial officer now directly owns 206,653 shares of the company’s stock, valued at $1,771,016.21. This trade represents a 2.48 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.10% of the stock is owned by insiders.

About New Fortress Energy

New Fortress Energy Inc operates as an integrated gas-to-power energy infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.