Assenagon Asset Management S.A. Boosts Holdings in Natural Gas Services Group, Inc. $NGS

Assenagon Asset Management S.A. increased its holdings in Natural Gas Services Group, Inc. (NYSE:NGS) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,251 shares of the oil and gas company’s stock after buying an additional 1,481 shares during the quarter. Assenagon Asset Management S.A. owned 0.46% of Natural Gas Services Group worth $1,478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NGS. Victory Capital Management Inc. bought a new stake in Natural Gas Services Group during the 1st quarter worth approximately $25,000. GAMMA Investing LLC raised its stake in Natural Gas Services Group by 4,293.1% during the 1st quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,245 shares during the period. State of Wyoming raised its stake in Natural Gas Services Group by 116.0% during the 1st quarter. State of Wyoming now owns 4,427 shares of the oil and gas company’s stock worth $97,000 after acquiring an additional 2,377 shares during the period. AlphaQuest LLC bought a new stake in Natural Gas Services Group during the 1st quarter worth approximately $115,000. Finally, Deutsche Bank AG bought a new stake in Natural Gas Services Group during the 4th quarter worth approximately $241,000. Institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Trading Up 1.3%

Natural Gas Services Group stock opened at $28.80 on Friday. The stock has a market cap of $361.09 million, a P/E ratio of 20.28 and a beta of 0.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.97 and a quick ratio of 1.23. Natural Gas Services Group, Inc. has a 1 year low of $16.73 and a 1 year high of $29.74. The firm’s 50 day moving average price is $25.74 and its 200-day moving average price is $23.77.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Monday, August 11th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.09. The firm had revenue of $41.38 million for the quarter, compared to analysts’ expectations of $41.87 million. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. On average, equities analysts predict that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

Natural Gas Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 8th. Natural Gas Services Group’s payout ratio is presently 28.17%.

Natural Gas Services Group announced that its board has authorized a stock repurchase plan on Monday, August 11th that permits the company to repurchase $6.00 million in shares. This repurchase authorization permits the oil and gas company to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 20,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $26.25, for a total transaction of $525,000.00. Following the completion of the sale, the director directly owned 413,334 shares of the company’s stock, valued at approximately $10,850,017.50. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jean K. Holley acquired 4,048 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $24.49 per share, with a total value of $99,135.52. Following the completion of the acquisition, the director directly owned 4,048 shares of the company’s stock, valued at $99,135.52. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 60,000 shares of company stock valued at $1,635,221 over the last ninety days. 5.08% of the stock is owned by insiders.

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.