Pacific Ridge Capital Partners LLC Sells 20,490 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Key Points

• Pacific Ridge Capital Partners LLC reduced its stake in Natural Gas Services Group by 4.8%, now holding 406,154 shares, which accounts for 2.3% of its portfolio.
• Natural Gas Services Group recently reported earnings of $0.38 per share, exceeding analysts' expectations, with revenue of $41.38 million for the quarter.
• The company announced a quarterly dividend of $0.10 per share, with an annualized yield of 1.7%, set to be paid on August 22nd.

Pacific Ridge Capital Partners LLC trimmed its holdings in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,154 shares of the oil and gas company's stock after selling 20,490 shares during the quarter. Natural Gas Services Group comprises about 2.3% of Pacific Ridge Capital Partners LLC's investment portfolio, making the stock its 7th biggest holding. Pacific Ridge Capital Partners LLC owned about 3.25% of Natural Gas Services Group worth $8,923,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in Natural Gas Services Group during the first quarter valued at approximately $25,000. GAMMA Investing LLC increased its position in Natural Gas Services Group by 4,293.1% during the first quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 1,245 shares during the last quarter. Wells Fargo & Company MN increased its position in Natural Gas Services Group by 31.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company's stock valued at $161,000 after acquiring an additional 1,443 shares during the last quarter. Jump Financial LLC bought a new position in shares of Natural Gas Services Group in the fourth quarter worth about $217,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of Natural Gas Services Group in the fourth quarter worth about $240,000. 65.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped 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. Wall Street Zen raised shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st.

Insider Activity at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $24.90, for a total transaction of $622,500.00. Following the sale, the director owned 433,334 shares of the company's stock, valued at $10,790,016.60. This trade represents a 5.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.25% of the stock is owned by insiders.

Natural Gas Services Group Stock Performance

NYSE:NGS traded down $0.29 during midday trading on Tuesday, hitting $23.83. The company's stock had a trading volume of 18,480 shares, compared to its average volume of 75,990. Natural Gas Services Group, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $29.74. The firm's 50 day moving average is $25.07 and its 200-day moving average is $23.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.10 and a quick ratio of 1.33. The firm has a market cap of $298.59 million, a P/E ratio of 17.65 and a beta of 0.66.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The oil and gas company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.11. Natural Gas Services Group had a net margin of 10.53% and a return on equity of 6.99%. The company had revenue of $41.38 million for the quarter, compared to the consensus estimate of $40.52 million. Equities analysts anticipate 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 will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.7%.

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.