Insider Selling: Natural Gas Services Group (NYSE:NGS) Director Sells 11,457 Shares of Stock

Key Points

• Natural Gas Services Group Director Stephen Charles Taylor sold 11,457 shares at an average price of $27.95, decreasing his total shares owned by 2.89% to 385,432 shares valued at approximately $10.77 million.
• The company recently announced a quarterly dividend of $0.10 paid on August 22nd, resulting in an annualized dividend yield of 1.4%.
• Natural Gas Services Group reported a quarterly EPS of $0.41, surpassing analysts' expectations of $0.32, with revenues of $41.38 million.

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) Director Stephen Charles Taylor sold 11,457 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $27.95, for a total value of $320,223.15. Following the sale, the director owned 385,432 shares in the company, valued at $10,772,824.40. The trade was a 2.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Stephen Charles Taylor also recently made the following trade(s):

• On Friday, September 19th, Stephen Charles Taylor sold 63 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total value of $1,732.50.
• On Thursday, September 18th, Stephen Charles Taylor sold 1,638 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total value of $45,045.00.
• On Wednesday, September 17th, Stephen Charles Taylor sold 6,553 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.51, for a total value of $180,273.03.
• On Tuesday, September 16th, Stephen Charles Taylor sold 289 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total value of $7,947.50.
• On Thursday, September 4th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.00, for a total value of $270,000.00.
• On Friday, August 22nd, Stephen Charles Taylor sold 20,000 shares of Natural Gas Services Group stock. The shares were sold at an average price of $26.25, for a total value of $525,000.00.

Natural Gas Services Group Price Performance

Shares of NGS stock traded up $0.88 during trading hours on Tuesday, reaching $28.19. The company's stock had a trading volume of 97,452 shares, compared to its average volume of 72,811. The firm's 50 day simple moving average is $25.41 and its 200-day simple moving average is $23.60. The company has a market capitalization of $353.50 million, a price-to-earnings ratio of 19.85 and a beta of 0.57. Natural Gas Services Group, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $29.74. The company has a quick ratio of 1.23, a current ratio of 1.97 and a debt-to-equity ratio of 0.68.

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

Natural Gas Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.10 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Natural Gas Services Group's dividend payout ratio (DPR) is currently 28.17%.

Natural Gas Services Group declared that its board has initiated a share repurchase plan on Monday, August 11th that authorizes the company to buyback $6.00 million in shares. This buyback authorization authorizes the oil and gas company to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Natural Gas Services Group

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in Natural Gas Services Group by 4.5% during the 4th quarter. BNP Paribas Financial Markets now owns 9,040 shares of the oil and gas company's stock valued at $242,000 after acquiring an additional 393 shares during the period. Bank of America Corp DE raised its stake in Natural Gas Services Group by 34.5% in the fourth quarter. Bank of America Corp DE now owns 12,048 shares of the oil and gas company's stock worth $323,000 after buying an additional 3,092 shares in the last quarter. Deutsche Bank AG bought a new position in Natural Gas Services Group in the fourth quarter worth about $241,000. Nuveen Asset Management LLC increased its stake in shares of Natural Gas Services Group by 17.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,634 shares of the oil and gas company's stock valued at $607,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Man Group plc grew its holdings in shares of Natural Gas Services Group by 3.9% during the fourth quarter. Man Group plc now owns 18,574 shares of the oil and gas company's stock valued at $498,000 after buying an additional 697 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company's stock.

About Natural Gas Services Group

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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