Empowered Funds LLC increased its stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK – Free Report) by 8.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,423 shares of the energy company’s stock after purchasing an additional 5,425 shares during the period. Empowered Funds LLC owned 0.15% of Mammoth Energy Services worth $267,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Archer Investment Corp raised its position in Mammoth Energy Services by 25.1% during the 4th quarter. Archer Investment Corp now owns 21,400 shares of the energy company’s stock worth $95,000 after buying an additional 4,300 shares during the last quarter. SG Americas Securities LLC raised its position in Mammoth Energy Services by 26.5% during the 4th quarter. SG Americas Securities LLC now owns 12,699 shares of the energy company’s stock worth $57,000 after buying an additional 2,663 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Mammoth Energy Services by 55.8% during the 1st quarter. BNP Paribas Financial Markets now owns 11,265 shares of the energy company’s stock worth $41,000 after buying an additional 4,035 shares during the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.
Mammoth Energy Services Stock Up 0.6 %
TUSK opened at $3.45 on Friday. Mammoth Energy Services, Inc. has a 12-month low of $2.50 and a 12-month high of $5.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.52 and a quick ratio of 3.41. The firm has a 50 day moving average of $3.40 and a two-hundred day moving average of $3.55.
Mammoth Energy Services (NASDAQ:TUSK – Get Free Report) last posted its earnings results on Thursday, May 2nd. The energy company reported ($0.25) earnings per share for the quarter. The firm had revenue of $43.19 million for the quarter. Mammoth Energy Services had a negative net margin of 9.87% and a negative return on equity of 4.68%.
About Mammoth Energy Services
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.
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