Assenagon Asset Management S.A. Has $1.41 Million Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Assenagon Asset Management S.A. reduced its stake in Natural Gas Services Group, Inc. (NYSE:NGS) by 19.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,643 shares of the oil and gas company’s stock after selling 17,784 shares during the period. Assenagon Asset Management S.A. owned 0.59% of Natural Gas Services Group worth $1,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Marshall Wace LLP increased its holdings in shares of Natural Gas Services Group by 100.7% in the second quarter. Marshall Wace LLP now owns 77,220 shares of the oil and gas company’s stock valued at $1,554,000 after purchasing an additional 38,751 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Natural Gas Services Group by 5.1% in the second quarter. Renaissance Technologies LLC now owns 399,342 shares of the oil and gas company’s stock valued at $8,035,000 after acquiring an additional 19,543 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Natural Gas Services Group by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 921,915 shares of the oil and gas company’s stock valued at $18,548,000 after acquiring an additional 18,001 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Natural Gas Services Group by 5.8% in the second quarter. American Century Companies Inc. now owns 127,330 shares of the oil and gas company’s stock valued at $2,562,000 after acquiring an additional 7,021 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new position in shares of Natural Gas Services Group in the second quarter valued at about $693,000. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on NGS. StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Raymond James began coverage on shares of Natural Gas Services Group in a research note on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price target on the stock.

Natural Gas Services Group Trading Down 2.2 %

Shares of Natural Gas Services Group stock opened at $19.13 on Friday. The company has a market capitalization of $238.55 million, a price-to-earnings ratio of 17.92 and a beta of 1.03. The company has a quick ratio of 1.66, a current ratio of 2.34 and a debt-to-equity ratio of 0.66. Natural Gas Services Group, Inc. has a 12-month low of $12.75 and a 12-month high of $25.24. The firm’s 50-day moving average price is $20.05 and its two-hundred day moving average price is $20.67.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $38.49 million for the quarter, compared to the consensus estimate of $36.79 million. Natural Gas Services Group had a net margin of 9.25% and a return on equity of 5.53%. During the same period in the prior year, the company posted $0.10 earnings per share. On average, analysts forecast that Natural Gas Services Group, Inc. will post 1.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stephen Charles Taylor sold 3,181 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.00, for a total value of $69,982.00. Following the completion of the transaction, the director now owns 548,387 shares of the company’s stock, valued at approximately $12,064,514. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.25% of the company’s stock.

Natural Gas Services Group Profile

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.