Daruma Capital Management Increased Newpark Res (NR) Position By $28.10 Million; Pledger & Co (OPY)’s Sentiment Is 0.72

November 15, 2017 - By Nellie Frank

Oppenheimer Holdings Inc. is a middle-market investment bank and service broker-dealer. The company has market cap of $320.52 million. The Firm is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking, research, market-making, trust services, and investment advisory and asset management services. It currently has negative earnings.

Daruma Capital Management Llc increased Newpark Res Inc (NR) stake by 221.14% reported in 2017Q2 SEC filing. Daruma Capital Management Llc acquired 4.01 million shares as Newpark Res Inc (NR)’s stock rose 6.67%. The Daruma Capital Management Llc holds 5.83M shares with $42.85 million value, up from 1.82M last quarter. Newpark Res Inc now has $751.07 million valuation. It closed at $8.75 lastly. It is down 85.19% since November 15, 2016 and is uptrending. It has outperformed by 68.49% the S&P500.

Daruma Capital Management Llc decreased Acxiom Corp (NASDAQ:ACXM) stake by 488,777 shares to 1.75M valued at $45.56 million in 2017Q2. It also reduced Wex Inc (NYSE:WEX) stake by 15,322 shares and now owns 469,489 shares. Entegris Inc (NASDAQ:ENTG) was reduced too.

Among 6 analysts covering Newpark Resources (NYSE:NR), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Newpark Resources has $9.0 highest and $1 lowest target. $5.75’s average target is -34.29% below currents $8.75 stock price. Newpark Resources had 12 analyst reports since September 4, 2015 according to SRatingsIntel. The stock of Newpark Resources Inc (NYSE:NR) has “Buy” rating given on Thursday, November 2 by SunTrust. On Friday, September 4 the stock rating was maintained by Credit Suisse with “Neutral”. Tudor Pickering upgraded the stock to “Buy” rating in Monday, May 2 report. Capital One upgraded Newpark Resources Inc (NYSE:NR) on Wednesday, June 15 to “Overweight” rating. On Thursday, January 19 the stock rating was downgraded by Cowen & Co to “Market Perform”. The stock has “Buy” rating by Loop Capital on Thursday, January 5. The rating was maintained by Cowen & Co with “Hold” on Friday, October 6. The rating was upgraded by Credit Suisse to “Outperform” on Wednesday, June 1. On Monday, July 18 the stock rating was reinitiated by Credit Suisse with “Outperform”. The firm has “Outperform” rating by Cowen & Co given on Tuesday, February 16.

Since May 19, 2017, it had 0 insider buys, and 1 sale for $111,096 activity. On Friday, June 2 Anderson David C sold $111,096 worth of Newpark Resources Inc (NYSE:NR) or 15,124 shares. $276,291 worth of stock was sold by Piontek Gregg on Friday, May 19.

Investors sentiment decreased to 1.14 in Q2 2017. Its down 0.15, from 1.29 in 2017Q1. It fall, as 20 investors sold NR shares while 50 reduced holdings. 30 funds opened positions while 50 raised stakes. 87.81 million shares or 0.66% less from 88.39 million shares in 2017Q1 were reported. Voya Invest Mgmt Lc owns 43,922 shares for 0% of their portfolio. Trexquant Invest LP owns 12,636 shares. Massachusetts-based Acadian Asset Ltd Liability has invested 0% in Newpark Resources Inc (NYSE:NR). Los Angeles Management And Equity accumulated 32,510 shares. Perritt Mngmt Incorporated stated it has 0.07% of its portfolio in Newpark Resources Inc (NYSE:NR). Sei Commerce holds 65 shares. 91 are owned by Tortoise Cap Limited Liability. Cubist Systematic Strategies Limited Company has 18,797 shares for 0.01% of their portfolio. Public Employees Retirement Systems Of Ohio invested 0% in Newpark Resources Inc (NYSE:NR). American Intl Grp has invested 0% in Newpark Resources Inc (NYSE:NR). Geode Mgmt Limited Company reported 0% of its portfolio in Newpark Resources Inc (NYSE:NR). Teachers Retirement Systems Of The State Of Kentucky invested 0% in Newpark Resources Inc (NYSE:NR). Massachusetts-based Arrowstreet Cap Limited Partnership has invested 0% in Newpark Resources Inc (NYSE:NR). Guggenheim Ltd Llc reported 191,052 shares. Rhumbline Advisers holds 182,581 shares or 0% of its portfolio.

It closed at $24.45 lastly. It is down 11.51% since November 15, 2016 and is uptrending. It has underperformed by 5.19% the S&P500.

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