Nine Energy Service, Inc. (NYSE:NINE – Get Free Report) insider Theodore R. Moore sold 11,822 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $1.54, for a total transaction of $18,205.88. Following the sale, the insider now directly owns 190,719 shares in the company, valued at approximately $293,707.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Nine Energy Service Stock Down 0.7 %
Shares of NYSE NINE traded down $0.01 on Friday, reaching $1.40. 243,357 shares of the company’s stock traded hands, compared to its average volume of 644,649. The business’s 50 day simple moving average is $1.65 and its two-hundred day simple moving average is $2.02. Nine Energy Service, Inc. has a 12 month low of $1.35 and a 12 month high of $5.30. The company has a market cap of $49.46 million, a price-to-earnings ratio of -1.39 and a beta of 3.42.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new stake in Nine Energy Service in the fourth quarter worth $62,000. Gendell Jeffrey L raised its position in shares of Nine Energy Service by 6.7% in the 4th quarter. Gendell Jeffrey L now owns 3,313,322 shares of the company’s stock worth $8,880,000 after purchasing an additional 209,407 shares during the last quarter. CastleKnight Management LP bought a new position in Nine Energy Service in the 4th quarter worth about $657,000. Virtu Financial LLC grew its position in Nine Energy Service by 352.9% during the 1st quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock valued at $131,000 after purchasing an additional 45,611 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in Nine Energy Service by 86.8% during 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.
Nine Energy Service Company 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.
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