Pacific Ridge Capital Partners LLC Cuts Holdings in 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 cut its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,154 shares of the oil and gas company's stock after selling 20,490 shares during the period. Natural Gas Services Group makes up 2.3% of Pacific Ridge Capital Partners LLC's portfolio, making the stock its 7th biggest position. Pacific Ridge Capital Partners LLC owned about 3.25% of Natural Gas Services Group worth $8,923,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NGS. Victory Capital Management Inc. bought a new position in shares of Natural Gas Services Group in the first quarter worth about $25,000. GAMMA Investing LLC raised its stake in shares of Natural Gas Services Group by 4,293.1% in the first quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company's stock worth $28,000 after buying an additional 1,245 shares during the period. Wells Fargo & Company MN raised its stake in shares of Natural Gas Services Group by 31.5% in the fourth quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company's stock worth $161,000 after buying an additional 1,443 shares during the period. 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NGS. Wall Street Zen raised Natural Gas Services Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Stifel Nicolaus raised their price objective on 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.

Natural Gas Services Group Price Performance

NGS traded up $0.94 on Monday, hitting $24.23. 27,491 shares of the company's stock traded hands, compared to its average volume of 76,229. The company's 50 day simple moving average is $25.08 and its 200-day simple moving average is $23.72. The firm has a market cap of $303.60 million, a price-to-earnings ratio of 17.84 and a beta of 0.66. Natural Gas Services Group, Inc. has a one year low of $16.70 and a one year high of $29.74. The company has a current ratio of 2.10, a quick ratio of 1.33 and a debt-to-equity ratio of 0.65.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last issued its earnings results on Monday, May 12th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. The company had revenue of $41.38 million for the quarter, compared to the consensus estimate of $40.52 million. Natural Gas Services Group had a return on equity of 6.99% and a net margin of 10.53%. As a group, research analysts anticipate that Natural Gas Services Group, Inc. will post 1.42 EPS for the current year.

Natural Gas Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%.

Insider Transactions at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 25,000 shares of Natural Gas Services Group stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $24.90, for a total value of $622,500.00. Following the sale, the director owned 433,334 shares of the company's stock, valued at $10,790,016.60. The trade was a 5.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.25% of the stock is currently 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.