Inspire Investing LLC Takes Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Inspire Investing LLC bought a new stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,195 shares of the oil and gas company's stock, valued at approximately $890,000. Inspire Investing LLC owned approximately 0.27% of Natural Gas Services Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Natural Gas Services Group during the 4th quarter valued at about $128,000. MetLife Investment Management LLC lifted its holdings in shares of Natural Gas Services Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company's stock valued at $121,000 after purchasing an additional 3,564 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Natural Gas Services Group by 54.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company's stock worth $165,000 after purchasing an additional 3,056 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Natural Gas Services Group by 2,513.0% in the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company's stock worth $243,000 after buying an additional 11,610 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Natural Gas Services Group during the 3rd quarter valued at approximately $261,000. Hedge funds and other institutional investors own 65.62% of the company's stock.

Insider Activity at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 2,191 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $24.50, for a total value of $53,679.50. Following the transaction, the director now owns 538,387 shares in the company, valued at $13,190,481.50. This represents a 0.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 60,292 shares of company stock worth $1,635,353 over the last quarter. Company insiders own 7.25% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Natural Gas Services Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th.

Natural Gas Services Group Stock Down 2.5 %

NGS traded down $0.74 during trading on Friday, hitting $28.21. 74,691 shares of the company's stock traded hands, compared to its average volume of 109,366. The stock has a market capitalization of $352.38 million, a price-to-earnings ratio of 22.04 and a beta of 1.14. The company's 50 day simple moving average is $26.65 and its two-hundred day simple moving average is $22.49. Natural Gas Services Group, Inc. has a 12-month low of $14.09 and a 12-month high of $29.74. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65.

Natural Gas Services Group Company Profile

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.