20,971 Shares in Newpark Resources, Inc. (NYSE:NR) Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new position in shares of Newpark Resources, Inc. (NYSE:NR – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,971 shares of the oil and gas company’s stock, valued at approximately $87,000.

A number of other institutional investors have also made changes to their positions in the business. UBS Group AG grew its position in Newpark Resources by 374.4% during the third quarter. UBS Group AG now owns 13,410 shares of the oil and gas company’s stock worth $34,000 after buying an additional 10,583 shares in the last quarter. Terril Brothers Inc. bought a new stake in Newpark Resources during the third quarter worth about $38,000. Captrust Financial Advisors raised its position in Newpark Resources by 252.0% during the first quarter. Captrust Financial Advisors now owns 10,288 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 7,365 shares in the last quarter. Advisory Services Network LLC acquired a new position in Newpark Resources during the first quarter valued at approximately $41,000. Finally, ProShare Advisors LLC acquired a new position in Newpark Resources during the fourth quarter valued at approximately $46,000. 78.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Newpark Resources news, Director John C. Minge bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was acquired at an average price of $4.03 per share, with a total value of $40,300.00. Following the completion of the purchase, the director now directly owns 172,045 shares of the company’s stock, valued at approximately $693,341.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is owned by insiders.

Newpark Resources Stock Performance

Shares of Newpark Resources stock opened at $3.91 on Thursday. The company has a quick ratio of 1.60, a current ratio of 2.58 and a debt-to-equity ratio of 0.19. Newpark Resources, Inc. has a twelve month low of $2.38 and a twelve month high of $4.91. The stock has a market cap of $332.66 million, a price-to-earnings ratio of -21.72 and a beta of 2.83. The company’s fifty day moving average is $4.10 and its 200 day moving average is $4.13.

Newpark Resources (NYSE:NR – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The oil and gas company reported $0.07 EPS for the quarter. The company had revenue of $225.16 million for the quarter. Newpark Resources had a positive return on equity of 4.93% and a negative net margin of 2.11%.

Analysts Set New Price Targets

A number of research firms have issued reports on NR. TheStreet upgraded Newpark Resources from a “d+” rating to a “c” rating in a research report on Friday, February 17th. StockNews.com assumed coverage on Newpark Resources in a research note on Thursday, March 16th. They set a “buy” rating on the stock.

Newpark Resources Profile

(Get Rating)

Newpark Resources, Inc engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the Fluids Systems and Industrial Solutions segments. The Fluids Systems segment offers drilling fluids products and technical services. The Industrial Solutions segment includes the site and access solutions business along with industrial bending operations.