New Fortress Energy LLC (NASDAQ:NFE) Director John J. Mack purchased 9,786 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average price of $12.98 per share, for a total transaction of $127,022.28. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
New Fortress Energy stock traded up $0.52 during trading on Thursday, reaching $13.38. The company had a trading volume of 150,381 shares, compared to its average volume of 219,840. New Fortress Energy LLC has a 1-year low of $8.90 and a 1-year high of $16.11.
New Fortress Energy (NASDAQ:NFE) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.73). The company had revenue of $29.95 million for the quarter, compared to analysts’ expectations of $50.71 million.
Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley purchased a new position in New Fortress Energy in the 1st quarter valued at $29,000. SEI Investments Co purchased a new position in New Fortress Energy in the 1st quarter valued at $55,000. HighTower Advisors LLC purchased a new position in New Fortress Energy in the 1st quarter valued at $117,000. Tortoise Index Solutions LLC purchased a new position in New Fortress Energy in the 1st quarter valued at $257,000. Finally, Dean Capital Investments Management LLC purchased a new position in New Fortress Energy in the 1st quarter valued at $536,000. 1.91% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This piece was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2019/05/23/new-fortress-energy-llc-nfe-director-john-j-mack-purchases-9786-shares.html.
New Fortress Energy Company Profile
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.
Recommended Story: Hedge Funds – How They Work For Investors
Receive News & Ratings for New Fortress Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Fortress Energy and related companies with MarketBeat.com's FREE daily email newsletter.