Wealthstar Advisors LLC Acquires Shares of 86,240 NL Industries, Inc. (NYSE:NL)

Wealthstar Advisors LLC bought a new position in NL Industries, Inc. (NYSE:NL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 86,240 shares of the basic materials company's stock, valued at approximately $670,000. Wealthstar Advisors LLC owned approximately 0.18% of NL Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NL. Barclays PLC increased its holdings in shares of NL Industries by 311.4% during the 3rd quarter. Barclays PLC now owns 11,934 shares of the basic materials company's stock valued at $89,000 after acquiring an additional 9,033 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NL Industries by 42.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,569 shares of the basic materials company's stock worth $391,000 after acquiring an additional 15,627 shares during the last quarter. JPMorgan Chase & Co. raised its stake in NL Industries by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,357 shares of the basic materials company's stock valued at $166,000 after purchasing an additional 11,815 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NL Industries by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 185,598 shares of the basic materials company's stock valued at $1,379,000 after purchasing an additional 3,014 shares during the period. Finally, BNP Paribas Financial Markets grew its position in NL Industries by 1,454.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,492 shares of the basic materials company's stock worth $167,000 after purchasing an additional 21,045 shares during the last quarter. 10.67% of the stock is owned by institutional investors and hedge funds.

NL Industries Trading Up 2.9 %

NL stock traded up $0.21 during midday trading on Thursday, hitting $7.20. The stock had a trading volume of 19,812 shares, compared to its average volume of 30,011. The firm has a market capitalization of $351.48 million, a price-to-earnings ratio of 6.00 and a beta of 0.52. The stock has a 50-day simple moving average of $7.73 and a 200 day simple moving average of $7.40. NL Industries, Inc. has a 52 week low of $5.00 and a 52 week high of $9.42.

NL Industries Profile

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.