Nokomis Capital L.L.C. purchased a new stake in shares of Layne Christensen (NASDAQ:LAYN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 510,595 shares of the construction company’s stock, valued at approximately $6,408,000. Layne Christensen accounts for about 1.5% of Nokomis Capital L.L.C.’s holdings, making the stock its 25th largest holding. Nokomis Capital L.L.C. owned approximately 2.57% of Layne Christensen at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in LAYN. Alliancebernstein L.P. purchased a new stake in Layne Christensen during the 2nd quarter valued at $119,000. Nationwide Fund Advisors raised its holdings in Layne Christensen by 3.0% during the 2nd quarter. Nationwide Fund Advisors now owns 14,565 shares of the construction company’s stock valued at $128,000 after buying an additional 428 shares during the period. Jane Street Group LLC purchased a new stake in Layne Christensen during the 3rd quarter valued at $162,000. Goldman Sachs Group Inc. purchased a new stake in Layne Christensen during the 2nd quarter valued at $197,000. Finally, Millennium Management LLC purchased a new stake in Layne Christensen during the 4th quarter valued at $218,000. Institutional investors own 94.37% of the company’s stock.
Shares of Layne Christensen (NASDAQ LAYN) opened at $16.54 on Wednesday. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.47 and a quick ratio of 1.32. Layne Christensen has a 52 week low of $6.98 and a 52 week high of $16.96. The firm has a market capitalization of $328.83, a price-to-earnings ratio of -5.20 and a beta of 0.43.
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Layne Christensen Company Profile
Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.
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