Mainstream Capital Management LLC Makes New Investment in NextDecade Co. (NASDAQ:NEXT)

Posted by Amanda Harley on Mar 4th, 2025

Mainstream Capital Management LLC purchased a new position in NextDecade Co. (NASDAQ:NEXT – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,311 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds also recently bought and sold shares of NEXT. Steward Partners Investment Advisory LLC boosted its position in NextDecade by 350.6% during the fourth 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 in the last quarter. Twin Securities Inc. bought a new position in NextDecade in the third quarter worth about $52,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NextDecade during the third quarter valued at about $77,000. Stoneridge Investment Partners LLC bought a new stake in shares of NextDecade in the 4th quarter valued at about $91,000. Finally, ARS Investment Partners LLC purchased a new position in shares of NextDecade in the 4th quarter worth approximately $124,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

NextDecade Trading Down 11.7 %

NASDAQ NEXT opened at $7.26 on Tuesday. The firm has a market cap of $1.89 billion, a PE ratio of -6.48 and a beta of 1.27. NextDecade Co. has a 52 week low of $4.27 and a 52 week high of $9.47. 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 company has a 50 day moving average price of $7.99 and a 200 day moving average price of $6.56.

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