Mariner LLC Makes New $139,000 Investment in NET Power Inc. (NYSE:NPWR)

Mariner LLC purchased a new stake in NET Power Inc. (NYSE:NPWR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 13,120 shares of the company’s stock, valued at approximately $139,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in NET Power by 13.1% during the fourth quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company’s stock worth $30,345,000 after acquiring an additional 332,554 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of NET Power during the 4th quarter worth $1,264,000. CenterBook Partners LP acquired a new stake in shares of NET Power during the 4th quarter worth about $1,053,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in NET Power by 176.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 155,088 shares of the company’s stock valued at $1,642,000 after buying an additional 98,952 shares during the period. Finally, S&CO Inc. lifted its position in NET Power by 35.5% in the fourth quarter. S&CO Inc. now owns 341,405 shares of the company’s stock valued at $3,615,000 after buying an additional 89,500 shares during the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.

NET Power Stock Performance

NYSE NPWR opened at $1.97 on Friday. The firm has a market cap of $427.64 million, a price-to-earnings ratio of -2.93 and a beta of 0.51. The firm has a 50 day simple moving average of $2.72 and a 200-day simple moving average of $7.33. NET Power Inc. has a one year low of $1.62 and a one year high of $14.28.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NPWR shares. Citigroup raised shares of NET Power from a “neutral” rating to a “buy” rating and reduced their price target for the company from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays lowered NET Power from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $3.00 to $2.00 in a research report on Wednesday, April 23rd.

About NET Power

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.