Corigliano Investment Advisers LLC Buys Shares of 11,500 Natural Gas Services Group, Inc. $NGS

Corigliano Investment Advisers LLC acquired a new position in Natural Gas Services Group, Inc. (NYSE:NGS — Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,500 shares of the oil and gas company’s stock, valued at approximately $253,000. Corigliano Investment Advisers LLC owned approximately 0.09% of Natural Gas Services Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. PDT Partners LLC increased its stake in shares of Natural Gas Services Group by 46.4% in the first quarter. PDT Partners LLC now owns 21,839 shares of the oil and gas company’s stock worth $480,000 after purchasing an additional 6,924 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Natural Gas Services Group in the first quarter worth $332,000. State of Wyoming increased its stake in shares of Natural Gas Services Group by 116.0% in the first quarter. State of Wyoming now owns 4,427 shares of the oil and gas company’s stock worth $97,000 after purchasing an additional 2,377 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Natural Gas Services Group in the first quarter worth $115,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Natural Gas Services Group in the first quarter worth $311,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Natural Gas Services Group

In other news, Director Jean K. Holley bought 4,048 shares of the stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $24.49 per share, for a total transaction of $99,135.52. Following the acquisition, the director owned 4,048 shares of the company’s stock, valued at $99,135.52. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen Charles Taylor sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $26.25, for a total transaction of $525,000.00. Following the completion of the sale, the director owned 413,334 shares of the company’s stock, valued at $10,850,017.50. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. 7.25% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on NGS shares. Stifel Nicolaus raised their target price on shares of Natural Gas Services Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus target price of $32.50.

Check Out Our Latest Stock Report on Natural Gas Services Group

Natural Gas Services Group Stock Performance

NGS opened at $26.35 on Thursday. The stock has a market capitalization of $330.43 million, a price-to-earnings ratio of 18.56 and a beta of 0.57. The company has a fifty day moving average of $25.04 and a 200 day moving average of $23.48. Natural Gas Services Group, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $29.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.23 and a current ratio of 1.97.

Natural Gas Services Group (NYSE:NGS — Get Free Report) last released its quarterly earnings data on Monday, August 11th. The oil and gas company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.32 by $0.09. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. The business had revenue of $41.38 million during the quarter, compared to analyst estimates of $41.87 million. As a group, sell-side analysts forecast that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

Natural Gas Services Group announced that its Board of Directors has authorized a share repurchase plan on Monday, August 11th that authorizes the company to buyback $6.00 million in shares. This buyback authorization authorizes the oil and gas company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Natural Gas Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a yield of 1.5%. Natural Gas Services Group’s dividend payout ratio (DPR) is 28.17%.

Natural Gas Services Group Company Profile

(Free Report)

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.

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Want to see what other hedge funds are holding NGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Natural Gas Services Group, Inc. (NYSE:NGS — Free Report).

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