Nine Energy Service, Inc. (NYSE:NINE) Stock Position Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Nine Energy Service, Inc. (NYSE:NINE) by 66.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 89,836 shares of the company’s stock after selling 174,681 shares during the period. Dimensional Fund Advisors LP’s holdings in Nine Energy Service were worth $151,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Great Valley Advisor Group Inc. acquired a new stake in shares of Nine Energy Service during the second quarter worth approximately $34,000. Quadrature Capital Ltd bought a new position in Nine Energy Service during the fourth quarter worth $62,000. Virtu Financial LLC increased its holdings in Nine Energy Service by 352.9% in the 1st quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock valued at $131,000 after buying an additional 45,611 shares during the period. Finally, Jaffetilchin Investment Partners LLC boosted its stake 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 valued at $134,000 after purchasing an additional 27,767 shares in the last quarter. Institutional investors own 57.61% of the company’s stock.

Insider Activity

In other Nine Energy Service news, major shareholder William Monroe bought 470,362 shares of the 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 purchase, the insider now owns 3,900,000 shares in the company, valued at $6,162,000. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 32,036 shares of company stock valued at $45,697 in the last ninety days. 6.20% of the stock is owned by insiders.

Nine Energy Service Stock Performance

Shares of NYSE:NINE opened at $1.07 on Wednesday. The company’s fifty day moving average is $1.21 and its 200-day moving average is $1.67. The company has a market capitalization of $37.80 million, a PE ratio of -1.06 and a beta of 3.28. Nine Energy Service, Inc. has a 52 week low of $1.04 and a 52 week high of $4.22.

Nine Energy Service (NYSE:NINE) last released its earnings results on Monday, August 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The business had revenue of $132.40 million for the quarter, compared to the consensus estimate of $134.00 million. On average, analysts forecast that Nine Energy Service, Inc. will post -1.23 EPS 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.