Cubist Systematic Strategies LLC Purchases New Holdings in Natural Gas Services Group, Inc. $NGS
Cubist Systematic Strategies LLC purchased a new stake in Natural Gas Services Group, Inc. (NYSE:NGS — Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,131 shares of the oil and gas company’s stock, valued at approximately $332,000. Cubist Systematic Strategies LLC owned approximately 0.12% of Natural Gas Services Group as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in shares of Natural Gas Services Group in the 1st quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in shares of Natural Gas Services Group by 4,293.1% in the 1st quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 1,245 shares in the last quarter. State of Wyoming lifted its position in shares of Natural Gas Services Group by 116.0% in the 1st quarter. State of Wyoming now owns 4,427 shares of the oil and gas company’s stock valued at $97,000 after acquiring an additional 2,377 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Natural Gas Services Group in the 1st quarter valued at approximately $115,000. Finally, Deutsche Bank AG acquired a new stake in Natural Gas Services Group during the 4th quarter worth about $241,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.
Insider Buying and Selling at Natural Gas Services Group
In other Natural Gas Services Group news, Director Jean K. Holley purchased 4,048 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were bought at an average price of $24.49 per share, for a total transaction of $99,135.52. Following the purchase, the director directly owned 4,048 shares in the company, valued at $99,135.52. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen Charles Taylor sold 20,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $26.25, for a total transaction of $525,000.00. Following the transaction, the director owned 413,334 shares in the company, valued at approximately $10,850,017.50. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.08% of the company’s stock.
Natural Gas Services Group Stock Up 0.0%
Shares of Natural Gas Services Group stock opened at $26.56 on Friday. The firm has a market cap of $333.09 million, a price-to-earnings ratio of 18.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.97 and a quick ratio of 1.23. Natural Gas Services Group, Inc. has a 52-week low of $16.73 and a 52-week high of $29.74. The stock has a 50-day simple moving average of $25.10 and a 200-day simple moving average of $23.45.
Natural Gas Services Group (NYSE:NGS — Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.09. Natural Gas Services Group had a return on equity of 7.21% and a net margin of 10.92%.The business had revenue of $41.38 million during the quarter, compared to analyst estimates of $41.87 million. On average, equities research analysts expect 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 has authorized a stock buyback program on Monday, August 11th that authorizes the company to repurchase $6.00 million in shares. This repurchase authorization authorizes the oil and gas company to purchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Natural Gas Services Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. Natural Gas Services Group’s dividend payout ratio is 28.17%.
Analyst Upgrades and Downgrades
NGS has been the subject of a number of research reports. Wall Street Zen upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Stifel Nicolaus raised their price objective on Natural Gas Services Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, Natural Gas Services Group currently has a consensus rating of “Strong Buy” and an average target price of $32.50.
View Our Latest Stock Report on NGS
About Natural Gas Services Group
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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