Informed Momentum Co LLC Has $509,000 Stock Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Key Points

• Informed Momentum Co LLC reduced its stake in Natural Gas Services Group by 42.9%, selling 17,437 shares and bringing its total ownership to approximately $509,000.
• Natural Gas Services Group reported a quarterly earnings per share of $0.41, exceeding analyst estimates, and announced a stock buyback plan allowing for repurchases of up to $6 million of its shares.
• The company also declared a quarterly dividend of $0.10 per share, marking a 1.6% yield, with the payout set for August 22nd.

Informed Momentum Co LLC cut its position in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,180 shares of the oil and gas company's stock after selling 17,437 shares during the quarter. Informed Momentum Co LLC owned about 0.19% of Natural Gas Services Group worth $509,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bridgeway Capital Management LLC raised its position in shares of Natural Gas Services Group by 1.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 266,508 shares of the oil and gas company's stock worth $7,142,000 after buying an additional 3,797 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Natural Gas Services Group by 13.7% during the 4th quarter. Russell Investments Group Ltd. now owns 138,620 shares of the oil and gas company's stock worth $3,715,000 after buying an additional 16,654 shares in the last quarter. Invesco Ltd. raised its position in shares of Natural Gas Services Group by 370.4% during the 1st quarter. Invesco Ltd. now owns 136,748 shares of the oil and gas company's stock worth $3,004,000 after buying an additional 107,679 shares in the last quarter. Northern Trust Corp raised its position in shares of Natural Gas Services Group by 4.8% during the 4th quarter. Northern Trust Corp now owns 96,529 shares of the oil and gas company's stock worth $2,587,000 after buying an additional 4,384 shares in the last quarter. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Natural Gas Services Group during the 1st quarter worth about $1,458,000. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Stock Up 0.5%

Shares of NGS stock traded up $0.11 during trading on Friday, hitting $24.47. 95,279 shares of the company were exchanged, compared to its average volume of 56,007. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.33 and a current ratio of 1.97. The firm has a market capitalization of $306.85 million, a price-to-earnings ratio of 17.23 and a beta of 0.66. The business's 50-day simple moving average is $25.11 and its 200 day simple moving average is $23.52. Natural Gas Services Group, Inc. has a twelve month low of $16.73 and a twelve month high of $29.74.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The oil and gas company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. The business had revenue of $41.38 million during 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%. As a group, analysts forecast that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Natural Gas Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 8th. Natural Gas Services Group's dividend payout ratio (DPR) is currently 28.17%.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on NGS. Wall Street Zen upgraded shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Stifel Nicolaus lifted their price objective on shares of Natural Gas Services Group from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, May 16th.

Insider Activity at Natural Gas Services Group

In related news, Director Jean K. Holley purchased 4,048 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average cost of $24.49 per share, for a total transaction of $99,135.52. Following the completion of the acquisition, the director owned 4,048 shares in the company, valued at $99,135.52. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.08% of the company's stock.

Natural Gas Services Group 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.