Rhumbline Advisers Has $242,000 Stock Holdings in Natural Gas Services Group, Inc. $NGS

Key Points

• Rhumbline Advisers has decreased its holdings in Natural Gas Services Group, Inc. by 64.9%, retaining only 11,007 shares valued at $242,000.
• The company reported $0.41 earnings per share for the last quarter, exceeding expectations and showing a net margin of 10.92%.
• Natural Gas Services Group has initiated a $6.00 million share buyback plan, indicating the board's belief that the stock is undervalued.

Rhumbline Advisers decreased its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 64.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,007 shares of the oil and gas company's stock after selling 20,355 shares during the period. Rhumbline Advisers owned about 0.09% of Natural Gas Services Group worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NGS. Victory Capital Management Inc. acquired a new stake in shares of Natural Gas Services Group in the 1st quarter valued at approximately $25,000. GAMMA Investing LLC boosted its position 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 buying an additional 1,245 shares during the period. State of Wyoming boosted its position 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 buying an additional 2,377 shares during the period. AlphaQuest LLC acquired a new stake in Natural Gas Services Group during the 1st quarter worth approximately $115,000. Finally, Deutsche Bank AG acquired a new stake in Natural Gas Services Group during the 4th quarter worth approximately $241,000. Institutional investors and hedge funds own 65.62% of the company's stock.

Insiders Place Their Bets

In other news, Director Jean K. Holley acquired 4,048 shares of the business's stock in a transaction on Thursday, August 14th. The shares were purchased at an average cost of $24.49 per share, with a total value of $99,135.52. Following the acquisition, the director directly owned 4,048 shares of the company's stock, valued at $99,135.52. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen Charles Taylor sold 20,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $26.25, for a total transaction of $525,000.00. Following the completion of the transaction, the director directly owned 413,334 shares in the company, valued at $10,850,017.50. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,085 shares of company stock worth $1,409,644 over the last ninety days. Insiders own 5.08% of the company's stock.

Natural Gas Services Group Stock Up 0.8%

Natural Gas Services Group stock opened at $28.44 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.23 and a current ratio of 1.97. Natural Gas Services Group, Inc. has a 52-week low of $16.73 and a 52-week high of $29.74. The firm has a 50 day moving average price of $25.65 and a two-hundred day moving average price of $23.72. The firm has a market cap of $356.69 million, a price-to-earnings ratio of 20.03 and a beta of 0.57.

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

Natural Gas Services Group announced that its Board of Directors has initiated a share buyback plan on Monday, August 11th that permits the company to repurchase $6.00 million in outstanding 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 generally a sign that the company's board believes its stock is undervalued.

Natural Gas Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis 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 currently 28.17%.

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.

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