Kerrisdale Advisers disclosed in a February 17, 2026, SEC submitting that it decreased its stake in Noble Company plc (NYSE:NE), promoting 204,364 shares in a commerce estimated at $6.04 million primarily based on quarterly common pricing.
Based on a current SEC submitting dated February 17, 2026, Kerrisdale Advisers, LLC decreased its holdings of Noble Company by 204,364 shares. The estimated transaction worth is roughly $6.04 million, primarily based on the typical worth in the course of the fourth quarter of 2025. At quarter-end, the fund’s remaining place was 147,621 shares, with a reported worth of $4.17 million. The online place worth fell by $5.79 million over the quarter.
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This was a promote transaction; the Noble Company stake now represents 1.96% of Kerrisdale’s 13F reportable AUM.
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High 5 holdings after the submitting:
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NYSE:TDS: $20.75 million (9.8% of AUM)
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NASDAQ:MELI: $17.25 million (8.1% of AUM)
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NYSE:SYY: $15.57 million (7.3% of AUM)
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NYSE:V: $13.84 million (6.5% of AUM)
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NASDAQ:ACMR: $10.39 million (4.9% of AUM)
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As of Friday, Noble Company shares have been priced at $46.30, up 106% over the prior yr and considerably outperforming the S&P 500’s roughly 20% acquire in the identical interval.
|
Metric |
Worth |
|---|---|
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Value (as of Friday) |
$46.30 |
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Web revenue (TTM) |
$216.72 million |
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Dividend yield |
4% |
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1-year worth change |
106% |
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Noble Company supplies offshore contract drilling providers to the oil and gasoline trade, working a fleet of cellular offshore drilling models together with floaters and jackups.
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The agency generates income by way of contract drilling providers offered to the oil and gasoline trade, leveraging its fleet to help exploration and manufacturing corporations.
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It serves the oil and gasoline trade worldwide.
Noble Company plc is a number one offshore drilling contractor with a world presence and a contemporary fleet designed to serve numerous buyer wants.
After a inventory greater than doubles in a yr, trimming a place typically displays portfolio self-discipline moderately than a sudden lack of conviction, and that appears to be the case right here. Noble has been one of many stronger performers within the offshore drilling house as rising offshore exercise and tighter rig provide pushed day charges greater and boosted investor sentiment across the sector.
The corporate’s current monetary outcomes assist clarify that enthusiasm. Within the fourth quarter, Noble generated $764 million in whole income, together with $705 million from contract drilling providers, whereas reporting $87 million in internet revenue. For the total yr, the corporate delivered $3.29 billion in working income and $216.7 million in internet revenue, reflecting stronger offshore demand and enhancing working leverage throughout its fleet.
Simply as essential, Noble continues to lock in future work. Administration lately added roughly $1.3 billion in new contract awards, pushing whole backlog to $7.5 billion and giving the corporate important income visibility heading into the subsequent few years.
Inside the broader portfolio, the decreased place now sits alongside holdings spanning telecom, funds, e-commerce, and semiconductor gear — a combination that means the stake could have been partially decreased after a powerful run moderately than a wholesale shift away from power publicity.