Royce & Associates LP Reduces Holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Royce & Associates LP trimmed its stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,293,637 shares of the energy company's stock after selling 156,285 shares during the period. Royce & Associates LP owned 2.69% of Mammoth Energy Services worth $2,639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rangeley Capital LLC purchased a new stake in shares of Mammoth Energy Services in the 4th quarter worth about $1,297,000. Dimensional Fund Advisors LP lifted its position in Mammoth Energy Services by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 991,223 shares of the energy company's stock valued at $2,973,000 after acquiring an additional 98,295 shares during the period. Northern Trust Corp lifted its position in Mammoth Energy Services by 2.1% during the 4th quarter. Northern Trust Corp now owns 206,039 shares of the energy company's stock valued at $618,000 after acquiring an additional 4,175 shares during the period. Invesco Ltd. purchased a new position in Mammoth Energy Services during the 4th quarter valued at about $30,000. Finally, Marshall Wace LLP purchased a new position in Mammoth Energy Services during the 4th quarter valued at about $42,000. 79.67% of the stock is owned by hedge funds and other institutional investors.

Mammoth Energy Services Price Performance

Shares of NASDAQ TUSK opened at $2.72 on Monday. Mammoth Energy Services, Inc. has a 1 year low of $1.68 and a 1 year high of $4.90. The stock has a market cap of $130.91 million, a P/E ratio of -0.67 and a beta of 1.34. The firm has a 50-day moving average of $2.70 and a 200 day moving average of $2.60.

Mammoth Energy Services (NASDAQ:TUSK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported ($0.01) earnings per share (EPS) for the quarter. Mammoth Energy Services had a negative net margin of 94.61% and a negative return on equity of 73.54%. The business had revenue of $62.47 million for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Mammoth Energy Services from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

Insider Transactions at Mammoth Energy Services

In other Mammoth Energy Services news, Director Arthur L. Smith sold 50,000 shares of Mammoth Energy Services stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $2.51, for a total value of $125,500.00. Following the completion of the transaction, the director directly owned 150,034 shares of the company's stock, valued at approximately $376,585.34. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 85,000 shares of company stock valued at $213,050 over the last three months. 2.10% of the stock is currently owned by insiders.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.

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