Proficio Capital Partners LLC Takes $5.73 Million Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Proficio Capital Partners LLC bought a new position in Natural Gas Services Group, Inc. (NYSE:NGS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 213,918 shares of the oil and gas company’s stock, valued at approximately $5,733,000.

A number of other institutional investors have also recently bought and sold shares of NGS. GSA Capital Partners LLP increased its stake in Natural Gas Services Group by 3.2% during the third quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company’s stock worth $345,000 after acquiring an additional 557 shares during the last quarter. Bank of New York Mellon Corp increased its position in Natural Gas Services Group by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 32,102 shares of the oil and gas company’s stock worth $860,000 after purchasing an additional 1,433 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Natural Gas Services Group by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company’s stock valued at $595,000 after buying an additional 1,485 shares during the period. BNP Paribas Financial Markets lifted its position in Natural Gas Services Group by 54.7% during 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 buying an additional 3,056 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Natural Gas Services Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after buying an additional 3,564 shares during the period. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of the business’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 in the company, valued at $12,625,545.60. The trade was a 4.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Natural Gas Services Group Price Performance

NGS stock opened at $24.37 on Tuesday. The firm has a market cap of $304.38 million, a P/E ratio of 19.04 and a beta of 1.12. 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 1 year low of $16.70 and a 1 year high of $29.74. The stock has a 50-day simple moving average of $26.84 and a 200-day simple moving average of $23.85.

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.