NL Industries Sees Unusually High Options Volume (NL)
NL Industries, Inc. (NYSE:NL) saw unusually large options trading on Wednesday. Traders bought 727 put options on the company. This is an increase of 1,325% compared to the typical daily volume of 51 put options.
Several institutional investors and hedge funds have recently modified their holdings of NL. Dimensional Fund Advisors LP raised its holdings in shares of NL Industries by 64.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,425,054 shares of the basic materials company’s stock worth $17,097,000 after acquiring an additional 953,157 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of NL Industries during the 2nd quarter worth approximately $814,000. Renaissance Technologies LLC raised its holdings in shares of NL Industries by 30.0% during the 1st quarter. Renaissance Technologies LLC now owns 220,404 shares of the basic materials company’s stock worth $1,422,000 after acquiring an additional 50,804 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of NL Industries during the 2nd quarter worth approximately $296,000. Finally, Strs Ohio raised its holdings in shares of NL Industries by 547.3% during the 2nd quarter. Strs Ohio now owns 47,900 shares of the basic materials company’s stock worth $337,000 after acquiring an additional 40,500 shares in the last quarter. 9.34% of the stock is currently owned by institutional investors and hedge funds.
Separately, Barclays reissued an “underweight” rating and issued a $14.00 price target (up from $7.00) on shares of NL Industries in a report on Wednesday, November 15th.
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NL Industries Company Profile
NL Industries, Inc is a holding company. The Company operates in the component products industry through its subsidiary, CompX International Inc (CompX). The Company operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc (Kronos). The Company, through Compx, manufactures engineered components that are sold to a range of industries, including recreational transportation (including boats), postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment.
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