Crown Advisors Management Inc. Invests $2.68 Million in Natural Gas Services Group, Inc. (NYSE:NGS)

Crown Advisors Management Inc. bought a new position in Natural Gas Services Group, Inc. (NYSE:NGS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 100,000 shares of the oil and gas company’s stock, valued at approximately $2,680,000. Natural Gas Services Group comprises 1.7% of Crown Advisors Management Inc.’s holdings, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NGS. MetLife Investment Management LLC lifted its stake in Natural Gas Services Group by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,564 shares during the last quarter. SG Americas Securities LLC purchased a new position in Natural Gas Services Group in the fourth quarter valued at approximately $128,000. BNP Paribas Financial Markets lifted its stake in Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 3,056 shares during the last quarter. Net Worth Advisory Group purchased a new position in Natural Gas Services Group in the fourth quarter valued at approximately $213,000. Finally, Proficio Capital Partners LLC purchased a new position in Natural Gas Services Group in the fourth quarter valued at approximately $214,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday.

Insider Buying and Selling at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 19,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total value of $558,720.00. Following the transaction, the director now owns 438,387 shares of the company’s stock, valued at approximately $12,625,545.60. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.25% of the company’s stock.

Natural Gas Services Group Trading Down 7.7 %

Shares of NGS stock opened at $21.82 on Wednesday. The company’s fifty day simple moving average is $25.86 and its two-hundred day simple moving average is $23.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. Natural Gas Services Group, Inc. has a 1 year low of $16.70 and a 1 year high of $29.74. The stock has a market capitalization of $272.47 million, a price-to-earnings ratio of 17.04 and a beta of 1.13.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Monday, March 17th. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. The business had revenue of $40.66 million for the quarter, compared to analysts’ expectations of $40.84 million. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, analysts anticipate that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current year.

About Natural Gas Services Group

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.