Khrom Capital Management LLC Reduces Stake in NET Power Inc. (NYSE:NPWR)

Khrom Capital Management LLC lowered its stake in shares of NET Power Inc. (NYSE:NPWR - Free Report) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,084,705 shares of the company's stock after selling 265,646 shares during the quarter. NET Power comprises 1.3% of Khrom Capital Management LLC's portfolio, making the stock its 17th largest position. Khrom Capital Management LLC owned approximately 0.50% of NET Power worth $11,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of NPWR. Dimensional Fund Advisors LP boosted its holdings in shares of NET Power by 930.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company's stock valued at $1,505,000 after buying an additional 128,187 shares in the last quarter. HITE Hedge Asset Management LLC raised its position in shares of NET Power by 6.2% in the 4th quarter. HITE Hedge Asset Management LLC now owns 411,512 shares of the company's stock worth $4,358,000 after purchasing an additional 23,888 shares during the last quarter. Marshall Wace LLP boosted its stake in NET Power by 9.4% in the 4th quarter. Marshall Wace LLP now owns 448,547 shares of the company's stock worth $4,750,000 after purchasing an additional 38,627 shares in the last quarter. XTX Topco Ltd bought a new position in NET Power in the 4th quarter worth about $638,000. Finally, Mariner LLC purchased a new stake in NET Power during the 4th quarter valued at about $139,000. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

NET Power Stock Down 4.2 %

NPWR traded down $0.08 during midday trading on Friday, hitting $1.73. 929,698 shares of the company traded hands, compared to its average volume of 645,062. The company's 50-day moving average is $3.73 and its 200 day moving average is $7.68. NET Power Inc. has a 52 week low of $1.62 and a 52 week high of $14.28. The firm has a market capitalization of $375.41 million, a PE ratio of -2.57 and a beta of 0.47.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup upgraded shares of NET Power from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th. Barclays downgraded NET Power from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $3.00 to $2.00 in a research note on Wednesday.

NET Power Company Profile

NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.