Proficio Capital Partners LLC Invests $5.73 Million in Natural Gas Services Group, Inc. (NYSE:NGS)

Proficio Capital Partners LLC purchased a new position in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 213,918 shares of the oil and gas company's stock, valued at approximately $5,733,000. Proficio Capital Partners LLC owned 1.71% of Natural Gas Services Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Natural Gas Services Group during the fourth quarter valued at $128,000. MetLife Investment Management LLC boosted its holdings in shares of Natural Gas Services Group by 129.1% during the 3rd 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 increased its holdings in shares of Natural Gas Services Group by 54.7% in the third 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 during the last quarter. Calamos Advisors LLC purchased a new stake in shares of Natural Gas Services Group during the 4th quarter worth approximately $279,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Natural Gas Services Group in the third quarter valued at $261,000. 65.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Stephen Charles Taylor sold 19,400 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now owns 438,387 shares of the company's stock, valued at approximately $12,625,545.60. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 7.25% of the stock is owned by corporate insiders.

Remove Ads

Natural Gas Services Group Trading Up 0.8 %

Shares of NYSE NGS traded up $0.18 during trading hours on Friday, hitting $21.68. 56,421 shares of the company traded hands, compared to its average volume of 73,641. The stock has a market capitalization of $270.78 million, a price-to-earnings ratio of 16.94 and a beta of 1.12. The company's 50 day moving average price is $26.62 and its 200 day moving average price is $23.85. Natural Gas Services Group, Inc. has a 12 month low of $16.70 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th.

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.