Wellington Management Group LLP Buys New Position in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Wellington Management Group LLP purchased a new position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 48,071 shares of the energy company’s stock, valued at approximately $197,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP lifted its stake in shares of Mammoth Energy Services by 15.2% during the third quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock valued at $5,527,000 after buying an additional 178,240 shares during the period. Empowered Funds LLC raised its holdings in Mammoth Energy Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 83,157 shares of the energy company’s stock valued at $340,000 after acquiring an additional 4,154 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Mammoth Energy Services by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after acquiring an additional 10,796 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Mammoth Energy Services during the 3rd quarter worth $42,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Mammoth Energy Services by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock worth $2,645,000 after purchasing an additional 99,093 shares during the last quarter. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Corey J. Booker sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $3.43, for a total value of $34,300.00. Following the transaction, the director now directly owns 140,488 shares in the company, valued at $481,873.84. This trade represents a 6.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 33,659 shares of company stock valued at $115,657 in the last ninety days. Company insiders own 3.44% of the company’s stock.

Mammoth Energy Services Stock Up 0.7 %

TUSK opened at $2.84 on Friday. The stock has a market capitalization of $136.68 million, a price-to-earnings ratio of -0.69 and a beta of 1.62. Mammoth Energy Services, Inc. has a 12 month low of $2.50 and a 12 month high of $4.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. The business has a 50-day moving average of $3.63 and a two-hundred day moving average of $3.67.

Mammoth Energy Services (NASDAQ:TUSK) last released its earnings results on Friday, November 1st. The energy company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. The company had revenue of $40.02 million during the quarter. During the same period last year, the firm posted ($0.02) EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Mammoth Energy Services from a “hold” rating to a “sell” rating in a research note on Thursday.

Mammoth Energy Services Company Profile

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.