Nam Tai Property Inc (NYSE:NTP) Shares Sold by Kahn Brothers Group Inc. DE

Kahn Brothers Group Inc. DE lowered its stake in shares of Nam Tai Property Inc (NYSE:NTP) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,197,605 shares of the electronics maker’s stock after selling 35,100 shares during the quarter. Nam Tai Property comprises approximately 2.5% of Kahn Brothers Group Inc. DE’s investment portfolio, making the stock its 13th largest holding. Kahn Brothers Group Inc. DE owned about 5.75% of Nam Tai Property worth $19,778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Northern Trust Corp lifted its position in Nam Tai Property by 20.0% during the second quarter. Northern Trust Corp now owns 25,985 shares of the electronics maker’s stock worth $253,000 after buying an additional 4,334 shares during the period. BlackRock Inc. boosted its position in shares of Nam Tai Property by 20.3% in the second quarter. BlackRock Inc. now owns 161,956 shares of the electronics maker’s stock worth $1,579,000 after buying an additional 27,277 shares during the period. Morgan Stanley boosted its position in shares of Nam Tai Property by 6.5% in the second quarter. Morgan Stanley now owns 358,095 shares of the electronics maker’s stock worth $3,492,000 after buying an additional 21,833 shares during the period. Moab Capital Partners LLC boosted its position in Nam Tai Property by 1.0% during the second quarter. Moab Capital Partners LLC now owns 138,254 shares of the electronics maker’s stock valued at $1,348,000 after purchasing an additional 1,337 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Nam Tai Property by 323.3% during the second quarter. Royal Bank of Canada now owns 29,884 shares of the electronics maker’s stock valued at $292,000 after purchasing an additional 22,825 shares during the last quarter. Hedge funds and other institutional investors own 35.84% of the company’s stock.

Shares of NYSE:NTP traded up $0.02 on Friday, reaching $9.20. The company had a trading volume of 12,010 shares, compared to its average volume of 11,394. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a 50-day moving average price of $8.98 and a 200 day moving average price of $9.50. Nam Tai Property Inc has a twelve month low of $8.24 and a twelve month high of $10.75.

Nam Tai Property Profile

Nam Tai Property Inc, through its subsidiaries, operates as a property development company in the People's Republic of China. The company owns and develops technology parks. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes.

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Institutional Ownership by Quarter for Nam Tai Property (NYSE:NTP)

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