Nine Energy Service, Inc. (NYSE:NINE) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Nine Energy Service, Inc. (NYSE:NINEFree Report) by 66.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,836 shares of the company’s stock after selling 174,681 shares during the quarter. Dimensional Fund Advisors LP owned about 0.25% of Nine Energy Service worth $151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NINE. Jaffetilchin Investment Partners LLC grew its position in Nine Energy Service by 89.8% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 113,424 shares of the company’s stock worth $191,000 after purchasing an additional 53,657 shares during the last quarter. Virtu Financial LLC grew its position in Nine Energy Service by 352.9% during the 1st quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock worth $131,000 after purchasing an additional 45,611 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Nine Energy Service during the 4th quarter worth $62,000. Finally, Great Valley Advisor Group Inc. purchased a new position in Nine Energy Service during the 2nd quarter worth $34,000. 57.61% of the stock is currently owned by institutional investors and hedge funds.

Nine Energy Service Stock Performance

Shares of Nine Energy Service stock opened at $1.07 on Wednesday. Nine Energy Service, Inc. has a 1 year low of $1.04 and a 1 year high of $4.22. The company has a market capitalization of $37.80 million, a P/E ratio of -1.06 and a beta of 3.28. The company’s fifty day moving average is $1.21 and its two-hundred day moving average is $1.67.

Nine Energy Service (NYSE:NINEGet Free Report) last issued its earnings results on Monday, August 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm had revenue of $132.40 million for the quarter, compared to analyst estimates of $134.00 million. As a group, equities analysts expect that Nine Energy Service, Inc. will post -1.23 earnings per share for the current year.

Insider Activity

In related news, major shareholder William Monroe acquired 470,362 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average price of $1.58 per share, with a total value of $743,171.96. Following the completion of the acquisition, the insider now owns 3,900,000 shares in the company, valued at approximately $6,162,000. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 32,036 shares of company stock valued at $45,697 over the last quarter. Corporate insiders own 6.20% of the company’s stock.

Nine Energy Service Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nine Energy Service (NYSE:NINE)

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