Aubrey Capital Management Ltd Has $1.53 Million Stock Holdings in New Fortress Energy Inc. (NASDAQ:NFE)

Aubrey Capital Management Ltd lowered its stake in shares of New Fortress Energy Inc. (NASDAQ:NFE) by 14.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 39,804 shares of the company’s stock after selling 6,669 shares during the period. Aubrey Capital Management Ltd’s holdings in New Fortress Energy were worth $1,525,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. CWM LLC raised its position in New Fortress Energy by 57.1% in the third quarter. CWM LLC now owns 2,129 shares of the company’s stock worth $70,000 after acquiring an additional 774 shares during the period. IFP Advisors Inc purchased a new position in New Fortress Energy in the third quarter valued at approximately $92,000. Van ECK Associates Corp grew its holdings in New Fortress Energy by 15.3% during the third quarter. Van ECK Associates Corp now owns 3,623 shares of the company’s stock valued at $119,000 after purchasing an additional 482 shares during the period. ORG Partners LLC increased its position in New Fortress Energy by 14.3% in the third quarter. ORG Partners LLC now owns 4,206 shares of the company’s stock worth $138,000 after buying an additional 526 shares during the last quarter. Finally, Castleview Partners LLC raised its stake in shares of New Fortress Energy by 39.6% in the third quarter. Castleview Partners LLC now owns 5,148 shares of the company’s stock valued at $169,000 after buying an additional 1,459 shares during the period. Institutional investors own 58.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $35.00 price target (down previously from $40.00) on shares of New Fortress Energy in a research note on Monday, March 4th. Stifel Nicolaus cut their target price on shares of New Fortress Energy from $49.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.29.

New Fortress Energy Price Performance

NFE traded down $0.13 during trading on Friday, reaching $27.11. 1,278,180 shares of the company were exchanged, compared to its average volume of 1,074,357. New Fortress Energy Inc. has a 12-month low of $25.06 and a 12-month high of $40.04. The company’s 50-day moving average is $30.51 and its two-hundred day moving average is $33.20. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 3.66. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 10.23 and a beta of 1.53.

New Fortress Energy (NASDAQ:NFE) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.08. New Fortress Energy had a return on equity of 36.16% and a net margin of 22.70%. The firm had revenue of $758.60 million for the quarter, compared to analysts’ expectations of $647.54 million. During the same period in the prior year, the business posted $0.87 earnings per share. The company’s revenue was up 38.8% on a year-over-year basis. Research analysts forecast that New Fortress Energy Inc. will post 3.73 earnings per share for the current fiscal year.

New Fortress Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. New Fortress Energy’s dividend payout ratio (DPR) is currently 15.09%.

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.