Nam Tai Property Inc. (NYSE:NTP) Traded Above Its 50 Day Average


The stock last traded at $12.05 a tad above the 50 day moving average which is $11.05 and which is significantly above the 200 day moving average of $9.32. The 50 day moving average moved up $1.00 and the 200 day average was up $2.73. Nam Tai Property Inc. shares had a trading volume of 2,169 by the end of trading on Tuesday. Overall, volume was down 98.27% under the stocks normal daily volume.

Investors are feeling more bullish on shares of the company lately if you take a look at the decrease in short interest. The company experienced a fall in short interest of -7.70% as of the latest report on September 29, 2017. Short interest decreased 6,332 over that period. Days to cover decreased from 1.0 to 1.0 and the short interest percentage is 0.00% as of September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (NTP). Creative Planning divested its position by selling 1,000 shares a decrease of 16.9% in the quarter. Creative Planning now holds 4,900 shares worth $39,000. The total value of its holdings decreased 4.9%. Kopernik Global Investors, LLC downsized its holdings by shedding 3,612 shares a decrease of 2.6% as of 06/30/2017. Kopernik Global Investors, LLC now controls 133,569 shares valued at $1,068,000. The value of the position overall is up by 12.8%.

Cutler Group LP bolstered its ownership by buying 12,319 shares an increase of 1,174.4%. Cutler Group LP controls 13,368 shares with a value of $145,000. The total value of its holdings increased 1,712.5%. As of quarter end Pennsylvania Trust Co had disposed of a total of 55,073 shares trimming its holdings by 16.8%. The value of the investment in Nam Tai Property Inc. increased from $2,618,000 to $2,953,000 increasing 12.8% for the reporting period.

In the market the company is trading down by 1.23%% since yesterday’s close of 12.2. Additionally the company announced a dividend for shareholders paid on Friday the 20th of October 2017. The dividend was $0.070 per share for the quarter which is $0.28 annualized. This dividend amount represented a yield of $2.30. The ex-dividend date was 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..

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