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 NCS Multistage stock in a transaction that occurred 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 in the company, valued at $710,298.16. This trade represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NCS Multistage Price Performance

NCSM traded down $0.85 on Friday, reaching $33.03. The stock had a trading volume of 7,238 shares, compared to its average volume of 5,050. The company has a current ratio of 4.66, a quick ratio of 2.86 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $83.90 million, a price-to-earnings ratio of 6.92 and a beta of 0.71. NCS Multistage Holdings, Inc. has a fifty-two week low of $16.81 and a fifty-two week high of $38.95. The firm has a 50-day moving average of $30.65 and a 200-day moving average of $30.29.

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

Institutional Trading of NCS Multistage

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of 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.