On July 12, 2023, VALINOR MANAGEMENT, L.P. (Trades, Portfolio), a prominent investment firm, increased its stake in NextDecade Corp (NEXT, Financial), a leading player in the integrated natural gas industry. This article provides an in-depth analysis of the transaction, the guru's profile, and the traded stock's performance and financial health.
Details of the Transaction
VALINOR MANAGEMENT, L.P. (Trades, Portfolio) added 3,204,184 shares of NextDecade Corp to its portfolio, representing a 21.56% change in shares. The transaction was executed at a price of $8.48 per share, making a significant impact of 26.89% on the guru's portfolio. After the transaction, VALINOR MANAGEMENT, L.P. (Trades, Portfolio) holds a total of 18,066,012 shares in NextDecade Corp, accounting for 151.63% of its portfolio. The guru's holdings in the traded stock stand at 7.52%.
Profile of the Guru: VALINOR MANAGEMENT, L.P. (Trades, Portfolio)
Based in New York, VALINOR MANAGEMENT, L.P. (Trades, Portfolio) is a renowned investment firm. The firm currently holds one stock, NextDecade Corp, in its portfolio, which is also its top holding. The total equity of the guru stands at $74 million.
Overview of the Traded Stock: NextDecade Corp
NextDecade Corp, based in Texas, U.S., is a development and management company focusing on land-based and floating LNG projects. The company's market capitalization stands at $962.66 million, with a current stock price of $6.07. However, due to insufficient data, the GF valuation and GF value of the stock cannot be evaluated.
Performance of the Stock
Since the transaction, the stock has seen a decrease of 28.42% in its price. Since its IPO in 2015, the stock has decreased by 39.9%. However, the year-to-date price change ratio of the stock is 30.54%. The GF score of the stock is 42, indicating poor future performance potential.
Financial Health of the Stock
The stock's F score is 1, indicating poor financial health. The cash to debt ratio of the stock is 40.33, ranking 198. The stock's ROE and ROA are -32.01 and -26.61 respectively, ranking 895 and 954. The stock's gross margin growth and operating margin growth are not available due to insufficient data.
Stock's Performance in the Industry
NextDecade Corp operates in the Oil & Gas industry. The 3-year revenue growth, EBITDA growth, and earning growth of the stock are not available due to insufficient data.
Stock's Momentum and Predictability
The stock's RSI 5-day, 9-day, and 14-day are 69.14, 69.65, and 68.10 respectively. The stock's momentum index 6 - 1 month and 12 - 1 month are 0.18 and 21.79 respectively. The stock's rank RSI 14-day and rank momentum index 6 - 1 month are 967 and 383 respectively.
Transaction Analysis
The recent transaction by VALINOR MANAGEMENT, L.P. (Trades, Portfolio) has significantly increased its stake in NextDecade Corp, making it the top holding in its portfolio. Despite the stock's poor performance and financial health, the guru's increased stake could indicate a belief in the stock's potential for future growth.
All data and rankings are accurate as of July 14, 2023.
