Insider Selling: Natural Gas Services Group (NYSE:NGS) Director Sells 7,915 Shares of Stock

Key Points

• Director Stephen Charles Taylor of Natural Gas Services Group sold a total of 7,915 shares at an average price of $28.50, resulting in a transaction worth $225,577.50, reducing his stake in the company by 2.06%.
• The company's stock recently traded at $28.80 with a market cap of $361.09 million, showing a 52-week low of $16.73 and a high of $29.74.
• Naturally Gas Services Group announced a quarterly dividend of $0.10 per share, reflecting an annualized yield of 1.4%, with a payout ratio of 28.17%.

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) Director Stephen Charles Taylor sold 7,915 shares of Natural Gas Services Group stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $28.50, for a total transaction of $225,577.50. Following the completion of the sale, the director owned 375,432 shares of the company's stock, valued at $10,699,812. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, September 25th, Stephen Charles Taylor sold 759 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total transaction of $21,631.50.
• On Wednesday, September 24th, Stephen Charles Taylor sold 1,326 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total transaction of $37,791.00.
• On Tuesday, September 23rd, Stephen Charles Taylor sold 11,457 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.95, for a total transaction of $320,223.15.
• On Friday, September 19th, Stephen Charles Taylor sold 63 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total transaction of $1,732.50.
• On Thursday, September 18th, Stephen Charles Taylor sold 1,638 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total transaction of $45,045.00.
• On Wednesday, September 17th, Stephen Charles Taylor sold 6,553 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.51, for a total transaction 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 transaction of $7,947.50.
• On Thursday, September 4th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.00, for a total transaction 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 transaction of $525,000.00.

Natural Gas Services Group Price Performance

NYSE NGS traded up $0.38 during trading on Friday, hitting $28.80. 58,137 shares of the company's stock were exchanged, compared to its average volume of 72,734. The stock's 50 day moving average price is $25.65 and its two-hundred day moving average price is $23.72. 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 market cap of $361.09 million, a PE ratio of 20.28 and a beta of 0.57. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.68.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last released 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 business had revenue of $41.38 million during the quarter, compared to analyst estimates of $41.87 million. Research analysts expect that Natural Gas Services Group, Inc. will post 1.42 EPS for the current year.

Natural Gas Services Group declared that its board has authorized a share repurchase 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 reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Natural Gas Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.10 dividend. This represents a $0.40 annualized dividend 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 28.17%.

Institutional Investors Weigh In On Natural Gas Services Group

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake 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 worth $242,000 after buying an additional 393 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Natural Gas Services Group by 105.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,424 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 731 shares in the last quarter. White Pine Capital LLC boosted its holdings in Natural Gas Services Group by 1.5% in the 2nd quarter. White Pine Capital LLC now owns 52,623 shares of the oil and gas company's stock valued at $1,358,000 after purchasing an additional 798 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of Natural Gas Services Group by 5.8% during the 2nd quarter. Inspire Advisors LLC now owns 15,930 shares of the oil and gas company's stock valued at $411,000 after acquiring an additional 871 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Natural Gas Services Group in the 1st quarter valued at $25,000. 65.62% of the stock is owned by institutional investors.

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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