Shares of Nam Tai Property Inc (NYSE:NTP) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.04 and last traded at $9.09, with a volume of 750 shares changing hands. The stock had previously closed at $9.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in NTP. Kahn Brothers Group Inc. DE boosted its position in shares of Nam Tai Property by 21.4% in the third quarter. Kahn Brothers Group Inc. DE now owns 2,203,255 shares of the electronics maker’s stock worth $18,747,000 after purchasing an additional 388,000 shares during the period. PEAK6 Investments L.P. bought a new position in shares of Nam Tai Property in the second quarter worth approximately $264,000. Pennsylvania Trust Co boosted its position in shares of Nam Tai Property by 33.1% in the third quarter. Pennsylvania Trust Co now owns 63,090 shares of the electronics maker’s stock worth $621,000 after purchasing an additional 15,700 shares during the period. Stifel Financial Corp bought a new position in shares of Nam Tai Property in the first quarter worth approximately $189,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Nam Tai Property by 1,504.9% in the first quarter. JPMorgan Chase & Co. now owns 11,523 shares of the electronics maker’s stock worth $143,000 after purchasing an additional 10,805 shares during the period. Institutional investors own 25.00% of the company’s stock.
About Nam Tai Property (NYSE:NTP)
Nam Tai Property Inc operates as a property development and management company in the People's Republic of China. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes. The company was formerly known as Nam Tai Electronics, Inc and changed its name to Nam Tai Property Inc in April 2014.
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