Marshall Wace LLP Acquires 38,751 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Marshall Wace LLP grew its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 100.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,220 shares of the oil and gas company's stock after purchasing an additional 38,751 shares during the quarter. Marshall Wace LLP owned approximately 0.62% of Natural Gas Services Group worth $1,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ancora Advisors LLC boosted its holdings in Natural Gas Services Group by 163.7% in the first quarter. Ancora Advisors LLC now owns 83,830 shares of the oil and gas company's stock valued at $1,629,000 after acquiring an additional 52,040 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Natural Gas Services Group by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company's stock worth $3,346,000 after buying an additional 42,099 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Natural Gas Services Group by 80.1% during the second quarter. Assenagon Asset Management S.A. now owns 91,427 shares of the oil and gas company's stock worth $1,840,000 after buying an additional 40,672 shares during the period. Bank of New York Mellon Corp bought a new position in Natural Gas Services Group during the second quarter worth $788,000. Finally, ClariVest Asset Management LLC acquired a new position in Natural Gas Services Group in the second quarter valued at $693,000. 65.62% of the stock is currently owned by institutional investors.

Insider Activity at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 4,690 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $22.14, for a total value of $103,836.60. Following the completion of the sale, the director now directly owns 551,568 shares of the company's stock, valued at approximately $12,211,715.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.93% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on NGS. StockNews.com raised Natural Gas Services Group from a "sell" rating to a "hold" rating in a research note on Friday, August 16th. Raymond James started coverage on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. They set a "strong-buy" rating and a $27.00 price objective for the company.

Natural Gas Services Group Stock Down 0.3 %

Shares of NGS traded down $0.06 during trading hours on Friday, hitting $20.21. The stock had a trading volume of 42,998 shares, compared to its average volume of 69,619. The firm has a 50 day simple moving average of $19.94 and a 200-day simple moving average of $20.85. Natural Gas Services Group, Inc. has a 1-year low of $12.75 and a 1-year high of $25.24. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.34 and a quick ratio of 1.66. The firm has a market capitalization of $251.35 million, a P/E ratio of 26.59 and a beta of 1.03.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last issued its earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. The company had revenue of $38.49 million for the quarter, compared to analyst estimates of $36.79 million. During the same period in the prior year, the firm earned $0.10 earnings per share. Sell-side analysts predict that Natural Gas Services Group, Inc. will post 1.23 EPS for the current fiscal year.

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.