Adage Capital Partners Cuts Newpark Resources Stake to 3.2%

TL;DR

**Adage Capital Partners just trimmed its stake in Newpark Resources to 3.2%.**

AI Summary

Adage Capital Partners, L.P. filed an amended SC 13G/A on February 7, 2024, disclosing its ownership of Newpark Resources Inc. common stock as of December 31, 2023. This filing indicates that Adage Capital Partners, L.P. now beneficially owns 3,000,000 shares, representing 3.2% of Newpark Resources Inc.'s outstanding common stock. This is a decrease from their previous reported ownership, which matters to investors as it signals a reduction in a significant institutional investor's stake, potentially indicating a less bullish outlook on the company's future performance.

Why It Matters

A reduction in a major institutional investor's stake can signal a loss of confidence or a strategic reallocation of capital, which could influence other investors' perceptions and the stock's price.

Risk Assessment

Risk Level: medium — A decrease in institutional ownership can sometimes precede negative stock performance, but the impact depends on the reasons for the sale and other market factors.

Analyst Insight

An investor might consider this a signal to research the reasons behind Adage Capital Partners' reduced stake and evaluate their own position in Newpark Resources Inc., potentially reducing exposure if other negative indicators are present.

Key Numbers

• 3,000,000 — Shares Beneficially Owned (This is the current number of shares of Newpark Resources Inc. common stock held by Adage Capital Partners, L.P. as of December 31, 2023.)
• 3.2% — Percentage of Class (This represents the percentage of Newpark Resources Inc.'s outstanding common stock owned by Adage Capital Partners, L.P., indicating a reduction in their stake.)
• $0.01 — Par Value per Share (This is the stated par value of Newpark Resources Inc. common stock.)

Key Players & Entities

• Adage Capital Partners, L.P. (company) — the reporting person decreasing its stake
• Newpark Resources Inc. (company) — the issuer whose stock is being reported
• 3,000,000 shares (dollar_amount) — the number of shares beneficially owned by Adage Capital Partners, L.P.
• 3.2% (dollar_amount) — the percentage of Newpark Resources Inc. common stock owned by Adage Capital Partners, L.P.
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Newpark Resources Inc. stock may experience short-term selling pressure. (Newpark Resources Inc.) — medium confidence, target: Q1 2024
• Other institutional investors might re-evaluate their positions in Newpark Resources Inc. (Institutional Investors) — low confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• p24-0420sc13ga.htm (SC 13G/A) — 97KB
• 0000902664-24-001163.txt ( ) — 99KB

(a)

Item 1(a). NAME OF ISSUER The name of the issuer is Newpark Resources, Inc. (the “ Company ”).

(b)

Item 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES The Company’s principal executive offices are located at 9320 Lakeside Boulevard, Suite 100, The Woodlands, Texas 77381.

(a)

Item 2(a). NAME OF PERSON FILING This statement is filed by: (i) Adage Capital Partners, L.P., a Delaware limited partnership (“ ACP ”) with respect to the Common Stock directly owned by it; (ii) Adage Capital Partners GP, L.L.C., a limited liability company organized under the laws of the State of Delaware (“ ACPGP ”), as general partner of ACP with respect to the Common Stock directly owned by ACP; (iii) Adage Capital Advisors, L.L.C., a limited liability company organized under the laws of the State of Delaware (“ ACA ”), as managing member of ACPGP, general partner of ACP, with respect to the Common Stock directly owned by ACP; (iv) Robert Atchinson (“ Mr. Atchinson ”), as managing member of ACA, managing member of ACPGP, general partner of ACP with respect to the Common Stock directly owned by ACP; and (v) Phillip Gross (“ Mr. Gross ”), as managing member of ACA, managing member of ACPGP, general partner of ACP with respect to the Common Stock directly owned by ACP. The foregoing persons are hereinafter sometimes collectively referred to as the “ Reporting Persons .” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE The address of the business office of each of the Reporting Persons is 200 Clarendon Street, 52nd Floor, Boston, Massachusetts 02116.

(c)

Item 2(c). CITIZENSHIP ACP is a limited partnership organized under the laws of the State of Delaware. ACPGP and ACA are limited liability companies organized under the laws of the State of Delaware. Messrs. Gross and Atchinson are citizens of the United States.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES Common stock, par value $0.01 per share (the “ Common Stock ”).

(e)

Item 2(e). CUSIP NUMBER 651718504 CUSIP No. 651718504 13G/A Page 8 of 10 Pages Item 3. IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) Broker or dealer registered under Section 15 of the Act; (b) Bank as defined in Section 3(a)(6) of the Act; (c) Insurance company as defined in Section 3(a)(19) of the Act; (d) Investment company registered under Section 8 of the Investment Company Act of 1940; (e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Not applicable. Item 4. A. Adage Capital Partners, L.P., Adage Capital Partners GP, L.L.C. and Adage Capital Advisors, L.L.C. (a) Amount beneficially owned: 1,234,953 (b) Percent of class: 1.45%. The percentage set forth in this Schedule 13G/A is calculated based upon 85,088,163 shares of Common Stock be outstanding as of October 30, 2023, as reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 filed with the Securities and Exchange Commission on November 1, 2023. (c) (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,234,953 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or dire

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 7, 2024 ADAGE CAPITAL PARTNERS, L.P. By: Adage Capital Partners GP, L.L.C., its general partner By: Adage Capital Advisors, L.L.C., its managing member /s/ Robert Atchinson Name: Robert Atchinson Title: Managing Member ADAGE CAPITAL PARTNERS GP, L.L.C. By: Adage Capital Advisors, L.L.C., its managing member /s/ Robert Atchinson Name: Robert Atchinson Title: Managing Member ADAGE CAPITAL ADVISORS, L.L.C. /s/ Robert Atchinson Name: Robert Atchinson Title: Managing Member ROBERT ATCHINSON /s/ Robert Atchinson ROBERT ATCHINSON, individually PHILLIP GROSS /s/ Phillip Gross PHILLIP GROSS, individually

View Full Filing

View this SC 13G/A filing on SEC EDGAR