Assenagon Asset Management S.A. Sells 16,085 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Assenagon Asset Management S.A. trimmed its position in Natural Gas Services Group, Inc. (NYSE:NGS) by 21.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 57,558 shares of the oil and gas company’s stock after selling 16,085 shares during the period. Assenagon Asset Management S.A.’s holdings in Natural Gas Services Group were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its position in shares of 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 acquiring an additional 3,564 shares during the period. BNP Paribas Financial Markets raised its stake in Natural Gas Services Group by 54.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 3,056 shares in the last quarter. Rhumbline Advisers boosted its holdings in Natural Gas Services Group by 2,513.0% in the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 11,610 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Natural Gas Services Group during the 3rd quarter worth approximately $261,000. Finally, PDT Partners LLC increased its holdings in shares of Natural Gas Services Group by 64.3% during the third quarter. PDT Partners LLC now owns 16,784 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 6,567 shares during the period. Institutional investors own 65.62% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen Charles Taylor sold 19,400 shares of Natural Gas Services Group stock in a transaction that occurred 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 directly owns 438,387 shares of the company’s stock, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 60,292 shares of company stock valued at $1,635,353 over the last quarter. 7.25% of the stock is owned by company insiders.

Natural Gas Services Group Stock Performance

NGS opened at $29.00 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76. Natural Gas Services Group, Inc. has a 52-week low of $14.09 and a 52-week high of $29.74. The firm has a market cap of $362.22 million, a P/E ratio of 22.66 and a beta of 1.14. The business’s fifty day moving average is $26.65 and its 200-day moving average is $22.49.

Analyst Ratings Changes

Separately, StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Natural Gas Services Group 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.