Valerie A. Mitchell Sells 1,969 Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Stock

Key Points

• Valerie A. Mitchell, Director of NCS Multistage Holdings, Inc. (NASDAQ:NCSM), sold 1,969 shares at an average price of $30.16, totaling approximately $59,385, representing a 7.72% decrease in her ownership.
• NCS Multistage reported earnings of $0.34 per share for Q2, significantly beating estimates of ($1.46) and achieving revenue of $36.45 million, exceeding expectations of $27.60 million.
• Institutional investors control 70.91% of NCS Multistage's stock, with notable new positions purchased recently by firms including Geode Capital Management and Renaissance Technologies.

NCS Multistage Holdings, Inc. (NASDAQ:NCSM - Get Free Report) Director Valerie A. Mitchell sold 1,969 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $30.16, for a total transaction of $59,385.04. Following the sale, the director directly owned 23,551 shares of the company's stock, valued at $710,298.16. This represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NCS Multistage Trading Down 3.0%

Shares of NASDAQ NCSM traded down $1.02 during midday trading on Friday, hitting $32.87. The stock had a trading volume of 6,714 shares, compared to its average volume of 9,118. The company has a market capitalization of $83.48 million, a price-to-earnings ratio of 6.89 and a beta of 0.71. NCS Multistage Holdings, Inc. has a 1-year low of $16.81 and a 1-year high of $38.95. The company has a quick ratio of 2.86, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $30.58 and a 200 day moving average price of $30.27.

NCS Multistage (NASDAQ:NCSM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of ($1.46) by $1.80. The firm had revenue of $36.45 million for the quarter, compared to analyst estimates of $27.60 million. NCS Multistage had a net margin of 7.18% and a return on equity of 12.50%.

Hedge Funds Weigh In On NCS Multistage

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC lifted its position in NCS Multistage by 7.3% during the 1st quarter. Empowered Funds LLC now owns 21,489 shares of the company's stock worth $752,000 after acquiring an additional 1,455 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in NCS Multistage by 14.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,679 shares of the company's stock valued at $355,000 after buying an additional 1,689 shares during the last quarter. Bailard Inc. acquired a new stake in shares of NCS Multistage during the first quarter valued at about $249,000. Geode Capital Management LLC purchased a new stake in shares of NCS Multistage during the fourth quarter worth about $247,000. Finally, Renaissance Technologies LLC acquired a new position in shares of NCS Multistage in the fourth quarter worth about $261,000. Hedge funds and other institutional investors own 70.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded NCS Multistage from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 7th.

About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.