Algert Global LLC Acquires 7,266 Shares of Natural Gas Services Group, Inc. (NGS)

Algert Global LLC raised its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 10.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,397 shares of the oil and gas company’s stock after purchasing an additional 7,266 shares during the period. Algert Global LLC owned 0.60% of Natural Gas Services Group worth $2,198,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in Natural Gas Services Group by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 89,885 shares of the oil and gas company’s stock valued at $2,234,000 after purchasing an additional 579 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Natural Gas Services Group by 4.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,148 shares of the oil and gas company’s stock worth $369,000 after buying an additional 599 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Natural Gas Services Group by 10.7% during the 2nd quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock worth $235,000 after buying an additional 916 shares in the last quarter. Bank of America Corp DE raised its position in shares of Natural Gas Services Group by 29.0% during the 1st quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock worth $137,000 after buying an additional 1,178 shares in the last quarter. Finally, WCM Investment Management CA raised its position in shares of Natural Gas Services Group by 0.7% during the 2nd quarter. WCM Investment Management CA now owns 160,942 shares of the oil and gas company’s stock worth $3,999,000 after buying an additional 1,185 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

In related news, Director John Chisholm sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $26.05, for a total transaction of $101,595.00. Following the transaction, the director now directly owns 29,232 shares of the company’s stock, valued at $761,493.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Charles Taylor sold 16,212 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $25.17, for a total transaction of $408,056.04. Following the transaction, the chief executive officer now directly owns 293,300 shares in the company, valued at $7,382,361. The disclosure for this sale can be found here. Insiders have sold 29,986 shares of company stock worth $771,750 in the last 90 days. 6.88% of the stock is owned by company insiders.

NGS has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th.

Natural Gas Services Group, Inc. (NGS) traded up $0.45 during midday trading on Friday, hitting $26.20. 46,201 shares of the company were exchanged, compared to its average volume of 25,524. Natural Gas Services Group, Inc. has a twelve month low of $22.40 and a twelve month high of $33.40. The company has a market cap of $338.96, a P/E ratio of 145.56 and a beta of 1.28.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The business had revenue of $15.91 million during the quarter, compared to the consensus estimate of $18.05 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. sell-side analysts predict that Natural Gas Services Group, Inc. will post 0.16 earnings per share for the current fiscal year.

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Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

Institutional Ownership by Quarter for Natural Gas Services Group (NYSE:NGS)

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