Royce & Associates LP Sells 156,285 Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Key Points

• Royce & Associates LP reduced its stake in Mammoth Energy Services, Inc. by 10.8%, now holding 1,293,637 shares worth approximately $2.6 million.
• Other institutional investors including Rangeley Capital LLC and Dimensional Fund Advisors LP have also modified their positions, contributing to a total of 79.67% of the stock being owned by hedge funds and institutional investors.
• Mammoth Energy reported a net margin of -94.61% and a loss of $0.01 earnings per share in its most recent quarterly results, highlighting ongoing financial challenges.

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

Several other institutional investors and hedge funds also recently made changes to their positions in TUSK. Rangeley Capital LLC purchased a new stake in Mammoth Energy Services in the 4th quarter valued at about $1,297,000. Dimensional Fund Advisors LP increased its position in shares of Mammoth Energy Services by 11.0% during the fourth 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 last quarter. Bridgeway Capital Management LLC increased its position in shares of Mammoth Energy Services by 14.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 460,274 shares of the energy company's stock valued at $1,381,000 after acquiring an additional 57,017 shares during the last quarter. NBC Securities Inc. increased its position in shares of Mammoth Energy Services by 101,578.6% during the first quarter. NBC Securities Inc. now owns 56,940 shares of the energy company's stock valued at $116,000 after acquiring an additional 56,884 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Mammoth Energy Services by 465.2% during the fourth quarter. JPMorgan Chase & Co. now owns 63,079 shares of the energy company's stock valued at $189,000 after acquiring an additional 51,919 shares during the last quarter. Hedge funds and other institutional investors own 79.67% of the company's stock.

Mammoth Energy Services Price Performance

Shares of Mammoth Energy Services stock remained flat at $2.61 on Thursday. 8,879 shares of the stock were exchanged, compared to its average volume of 128,748. Mammoth Energy Services, Inc. has a 1 year low of $1.68 and a 1 year high of $4.90. The business has a 50 day moving average of $2.71 and a 200 day moving average of $2.60. The stock has a market cap of $125.61 million, a price-to-earnings ratio of -0.64 and a beta of 1.34.

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 return on equity of 73.54% and a negative net margin of 94.61%. The company had revenue of $62.47 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised 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 20,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $2.51, for a total value of $50,200.00. Following the completion of the sale, the director directly owned 130,034 shares of the company's stock, valued at $326,385.34. This trade represents a 13.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 85,000 shares of company stock valued at $213,050 over the last three months. Company insiders own 2.10% of the company's stock.

Mammoth Energy Services Profile

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.