Shares are trading at $12.10 a bit higher than $11.30, the 50 day moving average and which is quite a bit higher than the 200 day moving average of $9.50. The 50 day moving average went up by +7.12% and the 200 day average went up by +27.32%. (NYSE:NTP) shares saw light trading volume with 74K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 19.55% under the normal average daily volume.
Traders are feeling more bullish on shares of Nam Tai Property Inc. recently if you watch the decrease in short interest. The firm realized a fall in short interest between September 29, 2017 and October 13, 2017 of -1.26%. Short shares decreased 956 over that period. With short interest at 74,989 and short average daily volume at 102,753, the short-interest ratio is 1.0 and the short interest percentage is 0.00% as of October 13.
The following firms have recently changed their position in NTP. As of the end of the quarter Creative Planning had disposed of 1,000 shares trimming its stake by 16.9%. The value of the investment in (NTP) went from $41,000 to $39,000 a change of $2,000 for the reporting period. Kopernik Global Investors, LLC trimmed its stake by selling 3,612 shares a decrease of 2.6% as of 06/30/2017. Kopernik Global Investors, LLC controls 133,569 shares with a value of $1,068,000. The total value of its holdings increased 12.8%.
As of quarter end Cutler Group LP had bought a total of 12,319 shares growing its holdings by 1,174.4%. The value of the company’s investment in Nam Tai Property Inc. increased from $8,000 to $145,000 increasing 1,712.5% quarter over quarter. Pennsylvania Trust Co cut its holdings by shedding 55,073 shares a decrease of 16.8% in the quarter. Pennsylvania Trust Co now controls 272,131 shares worth $2,953,000. The value of the position overall is up by 12.8%.
The company is so far trading down by 1.22% percent from yesterday’s close. Additionally the company recently announced a dividend for shareholders that was paid on Fri Oct 20, 2017. The dividend payment was $0.070 per share for the quarter or $0.28 on an annualized basis. The dividend yield was $2.32. The ex-dividend date was set for Thursday the 28th of September 2017.
Nam Tai Property Inc., incorporated in August 1987, is a holding company. The Company is a property development and management company. The Company focuses on redevelopment of on two parcels of land in Gushu and Guangming, Shenzhen, China, into high-end commercial complexes. Its property development project in Guangming, Shenzhen, is named as Namtai Inno Park, and its property development project in Gushu, Shenzhen, is named as Namtai Inno City..Advertisement