Dark Forest Capital Management LP Grows Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Dark Forest Capital Management LP lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 142.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,905 shares of the company's stock after acquiring an additional 37,600 shares during the period. Dark Forest Capital Management LP owned approximately 0.07% of Kodiak Gas Services worth $2,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KGS. GAMMA Investing LLC lifted its position in shares of Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after buying an additional 342 shares during the last quarter. Sterling Capital Management LLC raised its position in Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after purchasing an additional 701 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after acquiring an additional 588 shares during the period. Transcendent Capital Group LLC acquired a new stake in Kodiak Gas Services during the 4th quarter worth about $49,000. Finally, Mendota Financial Group LLC acquired a new position in shares of Kodiak Gas Services in the 4th quarter valued at about $122,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.27% of the company's stock.

Kodiak Gas Services Stock Performance

KGS stock traded up $0.20 during midday trading on Monday, reaching $35.10. 98,103 shares of the company's stock traded hands, compared to its average volume of 1,132,693. The firm has a market capitalization of $3.11 billion, a PE ratio of 121.04 and a beta of 1.52. Kodiak Gas Services, Inc. has a 52 week low of $24.83 and a 52 week high of $50.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The company has a 50-day moving average price of $36.76 and a two-hundred day moving average price of $39.02.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $309.52 million for the quarter, compared to analysts' expectations of $323.82 million. As a group, equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a $0.45 dividend. The ex-dividend date is Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 5.13%. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's dividend payout ratio is presently 305.08%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KGS shares. Barclays dropped their price target on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Mizuho upped their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Citigroup boosted their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Truist Financial raised their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Finally, Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.45.

Kodiak Gas Services Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.