Dynamic Technology Lab Private Ltd Takes Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Dynamic Technology Lab Private Ltd purchased a new position in Natural Gas Services Group, Inc. (NYSE:NGS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,675 shares of the oil and gas company’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Natural Gas Services Group by 80.1% in the second quarter. Assenagon Asset Management S.A. now owns 91,427 shares of the oil and gas company’s stock valued at $1,840,000 after acquiring an additional 40,672 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Natural Gas Services Group during the 2nd quarter worth about $788,000. Marshall Wace LLP grew its holdings in Natural Gas Services Group by 100.7% during the 2nd quarter. Marshall Wace LLP now owns 77,220 shares of the oil and gas company’s stock valued at $1,554,000 after purchasing an additional 38,751 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Natural Gas Services Group in the 2nd quarter worth about $693,000. Finally, Renaissance Technologies LLC lifted its stake in Natural Gas Services Group by 5.1% in the second quarter. Renaissance Technologies LLC now owns 399,342 shares of the oil and gas company’s stock worth $8,035,000 after purchasing an additional 19,543 shares during the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.

Natural Gas Services Group Trading Up 0.8 %

NGS stock opened at $27.76 on Monday. The company has a market capitalization of $346.17 million, a PE ratio of 21.69 and a beta of 1.03. 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 12 month low of $12.75 and a 12 month high of $28.50. The firm’s 50-day moving average is $21.95 and its 200 day moving average is $20.87.

Insider Transactions at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 2,191 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.50, for a total transaction of $53,679.50. Following the transaction, the director now owns 538,387 shares of the company’s stock, valued at approximately $13,190,481.50. This represents a 0.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 30,892 shares of company stock valued at $805,133. 7.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NGS has been the topic of a number of analyst reports. Raymond James started coverage on Natural Gas Services Group in a research note on Wednesday, August 7th. They set a “strong-buy” rating and a $27.00 target price on the stock. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Natural Gas Services Group Company Profile

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.