Brandywine Global Investment Management LLC Has $167,000 Position in Newpark Resources, Inc. (NYSE:NR)

Posted by on May 28th, 2023

Brandywine Global Investment Management LLC raised its position in shares of Newpark Resources, Inc. (NYSE:NR – Get Rating) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,244 shares of the oil and gas company’s stock after purchasing an additional 2,790 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Newpark Resources were worth $167,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC acquired a new position in shares of Newpark Resources in the fourth quarter worth $46,000. Perritt Capital Management Inc. acquired a new position in Newpark Resources during the third quarter worth $202,000. UBS Group AG increased its position in Newpark Resources by 149.3% during the fourth quarter. UBS Group AG now owns 33,429 shares of the oil and gas company’s stock worth $139,000 after buying an additional 20,019 shares during the last quarter. Terril Brothers Inc. increased its position in Newpark Resources by 78.7% during the fourth quarter. Terril Brothers Inc. now owns 27,250 shares of the oil and gas company’s stock worth $113,000 after buying an additional 12,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Newpark Resources by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,425,042 shares of the oil and gas company’s stock worth $18,365,000 after buying an additional 32,576 shares during the last quarter. 78.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TheStreet raised shares of Newpark Resources from a “d+” rating to a “c” rating in a research report on Friday, February 17th. StockNews.com initiated coverage on Newpark Resources in a research report on Thursday, May 18th. They issued a “buy” rating on the stock.

Newpark Resources Stock Down 1.8 %

Shares of NYSE:NR opened at $3.82 on Friday. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $4.15. Newpark Resources, Inc. has a 52-week low of $2.38 and a 52-week high of $4.91. The company has a quick ratio of 1.60, a current ratio of 2.58 and a debt-to-equity ratio of 0.19.

Insider Activity

In other news, Director John C. Minge bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $4.03 per share, with a total value of $40,300.00. Following the completion of the transaction, the director now directly owns 172,045 shares in the company, valued at $693,341.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.80% of the stock is currently owned by company insiders.

About Newpark Resources

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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.

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Institutional Ownership by Quarter for Newpark Resources (NYSE:NR)

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