Freestone Grove Partners LP Makes New Investment in NextDecade Co. (NASDAQ:NEXT)

Posted by Mitch Edgeman on May 6th, 2025

Freestone Grove Partners LP purchased a new stake in NextDecade Co. (NASDAQ:NEXT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,990 shares of the company’s stock, valued at approximately $185,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its stake in NextDecade by 350.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock valued at $35,000 after purchasing an additional 3,485 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of NextDecade during the 4th quarter worth $56,000. Tower Research Capital LLC TRC boosted its stake in NextDecade by 201.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock worth $60,000 after buying an additional 5,212 shares during the period. Briaud Financial Planning Inc increased its holdings in NextDecade by 29.2% in the 4th quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock valued at $71,000 after purchasing an additional 2,109 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in NextDecade during the 4th quarter worth about $83,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

NextDecade Stock Performance

Shares of NEXT stock opened at $7.40 on Tuesday. The firm has a 50 day moving average of $7.54 and a two-hundred day moving average of $7.43. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $1.93 billion, a PE ratio of -6.61 and a beta of 1.05. NextDecade Co. has a 52 week low of $4.27 and a 52 week high of $9.71.

NextDecade (NASDAQ:NEXT – Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). On average, research analysts predict that NextDecade Co. will post -0.61 EPS for the current fiscal year.