Nam Tai Property Inc. (NTP) is Iat Reinsurance Co. LTD.’s 2nd Largest Position
Iat Reinsurance Co. LTD. continued to hold its position in shares of Nam Tai Property Inc. (NYSE:NTP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,774,800 shares of the electronics maker’s stock at the end of the second quarter. Nam Tai Property comprises approximately 7.9% of Iat Reinsurance Co. LTD.’s holdings, making the stock its 2nd largest position. Iat Reinsurance Co. LTD. owned approximately 15.84% of Nam Tai Property worth $46,198,000 as of its most recent filing with the SEC.
Separately, Kahn Brothers Group Inc. DE increased its position in shares of Nam Tai Property by 3.3% in the second quarter. Kahn Brothers Group Inc. DE now owns 1,979,060 shares of the electronics maker’s stock worth $15,832,000 after buying an additional 63,800 shares in the last quarter. 30.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nam Tai Property Inc. (NTP) traded down 1.36% on Friday, reaching $10.90. The company had a trading volume of 73,267 shares. Nam Tai Property Inc. has a 52 week low of $6.79 and a 52 week high of $11.23. The stock’s 50 day moving average is $9.94 and its 200 day moving average is $8.22. The firm’s market capitalization is $398.67 million.
Nam Tai Property (NYSE:NTP) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $0.54 million for the quarter. Nam Tai Property had a negative net margin of 112.71% and a negative return on equity of 1.09%.
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Separately, BidaskClub upgraded Nam Tai Property from a “buy” rating to a “strong-buy” rating in a report on Thursday.
About Nam Tai Property
Nam Tai Property Inc 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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