Nine Energy Service, Inc. (NYSE:NINE) Shares Sold by Clarity Financial LLC

Clarity Financial LLC trimmed its position in shares of Nine Energy Service, Inc. (NYSE:NINE - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,954,670 shares of the company's stock after selling 513,334 shares during the quarter. Clarity Financial LLC owned approximately 4.61% of Nine Energy Service worth $2,189,000 as of its most recent SEC filing.

Separately, XTX Topco Ltd purchased a new stake in shares of Nine Energy Service during the second quarter worth about $32,000. 57.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder William Monroe bought 260,000 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were bought at an average price of $1.24 per share, with a total value of $322,400.00. Following the completion of the transaction, the insider now directly owns 4,860,000 shares of the company's stock, valued at $6,026,400. This represents a 5.65 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Guy Sirkes sold 35,380 shares of Nine Energy Service stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $1.67, for a total transaction of $59,084.60. Following the sale, the insider now owns 156,966 shares of the company's stock, valued at approximately $262,133.22. This represents a 18.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by company insiders.

Nine Energy Service Trading Up 4.8 %

NYSE:NINE traded up $0.06 during trading hours on Tuesday, hitting $1.20. 720,964 shares of the stock were exchanged, compared to its average volume of 3,152,972. The firm's fifty day moving average price is $1.26 and its 200 day moving average price is $1.27. Nine Energy Service, Inc. has a 52-week low of $0.75 and a 52-week high of $3.26. The company has a market cap of $50.62 million, a P/E ratio of -1.00 and a beta of 3.50.

Nine Energy Service Profile

Nine Energy Service, Inc operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally. It offers cementing services, including blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well.