Stock Traders Buy High Volume of NextDecade Call Options (NASDAQ:NEXT)

NextDecade Co. (NASDAQ:NEXT) was the target of unusually large options trading activity on Thursday. Stock investors acquired 6,065 call options on the company. This is an increase of 47% compared to the typical volume of 4,114 call options.

NextDecade Trading Up 6.2 %

Shares of NextDecade stock traded up $0.47 during mid-day trading on Thursday, hitting $7.93. 1,258,830 shares of the stock were exchanged, compared to its average volume of 2,011,563. NextDecade has a twelve month low of $4.27 and a twelve month high of $9.71. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -7.08 and a beta of 0.80. The company has a 50-day simple moving average of $7.64 and a 200 day simple moving average of $7.19. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). Research analysts forecast that NextDecade will post -0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its position in shares of NextDecade by 350.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock valued at $35,000 after acquiring an additional 3,485 shares during the last quarter. GAMMA Investing LLC grew its stake in NextDecade by 2,302.6% in the first quarter. GAMMA Investing LLC now owns 6,535 shares of the company’s stock valued at $51,000 after purchasing an additional 6,263 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of NextDecade during the 4th quarter worth $56,000. Tower Research Capital LLC TRC raised its holdings in NextDecade by 201.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock valued at $60,000 after buying an additional 5,212 shares in the last quarter. Finally, Briaud Financial Planning Inc raised its stake in shares of NextDecade by 29.2% in the 4th quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock valued at $71,000 after acquiring an additional 2,109 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.