BTIM Corp. Sells 85,004 Shares of Natural Gas Services Group, Inc. (NGS)

BTIM Corp. reduced its stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 23.7% during the second quarter, Holdings Channel reports. The firm owned 273,358 shares of the oil and gas company’s stock after selling 85,004 shares during the period. BTIM Corp.’s holdings in Natural Gas Services Group were worth $6,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its position in Natural Gas Services Group by 6.0% in the fourth quarter. State Street Corp now owns 243,800 shares of the oil and gas company’s stock valued at $7,840,000 after buying an additional 13,779 shares during the last quarter. Renaissance Technologies LLC raised its position in Natural Gas Services Group by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 264,500 shares of the oil and gas company’s stock valued at $8,504,000 after buying an additional 4,900 shares during the last quarter. Teachers Advisors LLC raised its position in Natural Gas Services Group by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 30,140 shares of the oil and gas company’s stock valued at $969,000 after buying an additional 225 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in Natural Gas Services Group during the fourth quarter valued at $265,000. Finally, WCM Investment Management CA raised its position in Natural Gas Services Group by 39.8% in the first quarter. WCM Investment Management CA now owns 159,757 shares of the oil and gas company’s stock valued at $4,162,000 after buying an additional 45,475 shares during the last quarter. 87.97% of the stock is currently owned by institutional investors.

Natural Gas Services Group, Inc. (NGS) traded down 0.19% on Friday, reaching $25.75. 51,524 shares of the company traded hands. Natural Gas Services Group, Inc. has a one year low of $20.65 and a one year high of $34.50. The firm has a 50 day moving average of $25.27 and a 200-day moving average of $27.06. The stock has a market capitalization of $333.13 million, a PE ratio of 80.47 and a beta of 1.23.

Natural Gas Services Group (NYSE:NGS) last announced its earnings results on Thursday, May 4th. The oil and gas company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.04. Natural Gas Services Group had a net margin of 6.06% and a return on equity of 1.80%. The company had revenue of $18.92 million during the quarter, compared to the consensus estimate of $15.80 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The business’s revenue was down 12.4% on a year-over-year basis. On average, analysts anticipate that Natural Gas Services Group, Inc. will post $0.28 EPS for the current year.

WARNING: This piece of content was reported by [[site]] and is the property of of [[site]]. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at [[permalink]].

NGS has been the topic of several recent analyst reports. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Zacks Investment Research lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $32.50.

In other Natural Gas Services Group news, Director David L. Bradshaw sold 2,540 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $23.60, for a total transaction of $59,944.00. Following the transaction, the director now directly owns 18,000 shares in the company, valued at approximately $424,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William F. Hughes, Jr. sold 1,500 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $26.86, for a total value of $40,290.00. Following the transaction, the director now owns 37,563 shares in the company, valued at $1,008,942.18. The disclosure for this sale can be found here. Insiders sold 16,440 shares of company stock worth $411,318 over the last quarter. 6.88% of the stock is currently owned by company insiders.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

Want to see what other hedge funds are holding NGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Natural Gas Services Group, Inc. (NYSE:NGS).