Moab Capital Partners LLC increased its stake in Nam Tai Property Inc (NYSE:NTP) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,254 shares of the electronics maker’s stock after purchasing an additional 1,337 shares during the period. Nam Tai Property accounts for about 0.4% of Moab Capital Partners LLC’s portfolio, making the stock its 27th largest position. Moab Capital Partners LLC owned about 0.36% of Nam Tai Property worth $1,348,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in NTP. Kahn Brothers Group Inc. DE boosted its stake in Nam Tai Property by 19.0% in the 2nd quarter. Kahn Brothers Group Inc. DE now owns 2,232,705 shares of the electronics maker’s stock worth $21,769,000 after purchasing an additional 356,176 shares in the last quarter. BlackRock Inc. raised its position in Nam Tai Property by 20.3% during the 2nd quarter. BlackRock Inc. now owns 161,956 shares of the electronics maker’s stock worth $1,579,000 after buying an additional 27,277 shares during the last quarter. Morgan Stanley raised its position in Nam Tai Property by 6.5% during the 2nd quarter. Morgan Stanley now owns 358,095 shares of the electronics maker’s stock worth $3,492,000 after buying an additional 21,833 shares during the last quarter. Finally, Northern Trust Corp raised its position in Nam Tai Property by 20.0% during the 2nd quarter. Northern Trust Corp now owns 25,985 shares of the electronics maker’s stock worth $253,000 after buying an additional 4,334 shares during the last quarter. Institutional investors own 35.84% of the company’s stock.
NTP traded down $0.22 during trading on Friday, reaching $8.55. 149,755 shares of the company’s stock were exchanged, compared to its average volume of 21,310. Nam Tai Property Inc has a 1 year low of $8.24 and a 1 year high of $10.75. The company’s fifty day simple moving average is $9.29 and its 200-day simple moving average is $9.68.
Nam Tai Property (NYSE:NTP) last posted its quarterly earnings results on Monday, July 29th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter.
Separately, TheStreet lowered shares of Nam Tai Property from a “c-” rating to a “d+” rating in a research report on Friday, June 21st.
Nam Tai Property Profile
Nam Tai Property Inc, through its subsidiaries, operates as a property development company in the People's Republic of China. The company owns and develops technology parks. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes.
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