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Jan 15, 2024

GSA Capital Partners LLP Takes Position in Northwest Pipe (NASDAQ:NWPX)

GSA Capital Partners LLP acquired a new stake in shares of Northwest Pipe

GSA Capital Partners LLP acquired a new stake in shares of Northwest Pipe (NASDAQ:NWPX - Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,874 shares of the industrial products company's stock, valued at approximately $434,000. GSA Capital Partners LLP owned approximately 0.13% of Northwest Pipe as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in shares of Northwest Pipe by 67.3% during the third quarter. Advisors Asset Management Inc. now owns 10,687 shares of the industrial products company's stock valued at $300,000 after buying an additional 4,300 shares during the last quarter. Navellier & Associates Inc. purchased a new position in shares of Northwest Pipe in the fourth quarter worth approximately $406,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Northwest Pipe during the fourth quarter valued at approximately $608,000. Cornercap Investment Counsel Inc. purchased a new stake in Northwest Pipe during the fourth quarter valued at approximately $493,000. Finally, HRT Financial LP bought a new position in Northwest Pipe in the fourth quarter worth approximately $1,302,000. Institutional investors own 83.03% of the company's stock.

NWPX has been the subject of a number of recent research reports. TheStreet downgraded shares of Northwest Pipe from a "b" rating to a "c+" rating in a research report on Thursday, May 4th. StockNews.com assumed coverage on Northwest Pipe in a research note on Thursday, May 18th. They issued a "hold" rating for the company.

NASDAQ:NWPX opened at $29.59 on Thursday. The company has a market cap of $295.90 million, a price-to-earnings ratio of 9.93 and a beta of 0.86. Northwest Pipe has a 1 year low of $25.58 and a 1 year high of $40.60. The stock's 50 day simple moving average is $28.06 and its two-hundred day simple moving average is $33.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.89 and a quick ratio of 2.10.

Northwest Pipe (NASDAQ:NWPX - Get Rating) last released its quarterly earnings results on Wednesday, March 15th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.10. The company had revenue of $106.83 million for the quarter, compared to the consensus estimate of $107.69 million. Northwest Pipe had a net margin of 6.69% and a return on equity of 10.19%. As a group, equities analysts anticipate that Northwest Pipe will post 2.91 earnings per share for the current fiscal year.

Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the following segments: Engineered Steel Pressure Pipe and Precast Infrastructure and Engineered Systems. The Engineered Steel Pressure Pipe segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.

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