XTX Topco Ltd Makes New Investment in Nine Energy Service, Inc. (NYSE:NINE)

XTX Topco Ltd bought a new position in shares of Nine Energy Service, Inc. (NYSE:NINE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 18,974 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC bought a new position in shares of Nine Energy Service in the 2nd quarter worth about $31,000. Great Valley Advisor Group Inc. bought a new position in shares of Nine Energy Service in the 2nd quarter worth about $34,000. Quadrature Capital Ltd bought a new position in shares of Nine Energy Service in the 4th quarter worth about $62,000. Virtu Financial LLC raised its position in shares of Nine Energy Service by 352.9% in the 1st quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock worth $131,000 after acquiring an additional 45,611 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its position in shares of Nine Energy Service by 86.8% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 59,767 shares of the company’s stock worth $134,000 after acquiring an additional 27,767 shares in the last quarter. 57.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nine Energy Service

In other news, major shareholder William Monroe bought 470,362 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $1.58 per share, with a total value of $743,171.96. Following the transaction, the insider now directly owns 3,900,000 shares of the company’s stock, valued at approximately $6,162,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 32,036 shares of company stock valued at $45,697 in the last three months. Corporate insiders own 6.20% of the company’s stock.

Nine Energy Service Trading Down 8.5 %

NINE stock opened at $1.18 on Thursday. The stock has a 50-day moving average price of $1.32 and a 200-day moving average price of $1.74. Nine Energy Service, Inc. has a 1-year low of $1.04 and a 1-year high of $4.48. The firm has a market cap of $41.68 million, a PE ratio of -1.17 and a beta of 3.29.

Nine Energy Service (NYSE:NINE) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.03). The firm had revenue of $132.40 million during the quarter, compared to analysts’ expectations of $134.00 million. On average, analysts forecast that Nine Energy Service, Inc. will post -1.3 earnings per share for the current year.

Nine Energy Service Profile

Nine Energy Service, Inc operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally. It offers cementing services, including blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well.