10,387 Shares in Natural Gas Services Group, Inc. (NYSE:NGS) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC purchased a new stake in Natural Gas Services Group, Inc. (NYSE:NGS) during the second quarter, HoldingsChannel.com reports. The firm purchased 10,387 shares of the oil and gas company’s stock, valued at approximately $208,000.

A number of other hedge funds also recently made changes to their positions in NGS. Ancora Advisors LLC raised its position in shares of Natural Gas Services Group by 163.7% in the 1st quarter. Ancora Advisors LLC now owns 83,830 shares of the oil and gas company’s stock worth $1,629,000 after buying an additional 52,040 shares during the period. Russell Investments Group Ltd. increased its stake in Natural Gas Services Group by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company’s stock worth $3,346,000 after acquiring an additional 42,099 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Natural Gas Services Group by 80.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 91,427 shares of the oil and gas company’s stock worth $1,840,000 after purchasing an additional 40,672 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Natural Gas Services Group in the 2nd quarter valued at about $788,000. Finally, Rhumbline Advisers grew its holdings in shares of Natural Gas Services Group by 2,513.0% during the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock worth $243,000 after purchasing an additional 11,610 shares during the period. Institutional investors and hedge funds own 65.62% of the company’s stock.

Insider Transactions at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 4,690 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $22.14, for a total value of $103,836.60. Following the transaction, the director now owns 551,568 shares in the company, valued at approximately $12,211,715.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.93% of the company’s stock.

Analyst Ratings Changes

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

Natural Gas Services Group Trading Down 2.0 %

Shares of NGS opened at $19.92 on Friday. Natural Gas Services Group, Inc. has a 12 month low of $11.97 and a 12 month high of $25.24. The stock’s 50-day moving average is $20.16 and its two-hundred day moving average is $20.67. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.34 and a quick ratio of 1.66. The stock has a market cap of $247.68 million, a PE ratio of 26.20 and a beta of 1.04.

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

Natural Gas Services Group Company 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.