23,154 Shares in Nine Energy Service, Inc. (NYSE:NINE) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new position in shares of Nine Energy Service, Inc. (NYSE:NINE) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 23,154 shares of the company’s stock, valued at approximately $62,000. Quadrature Capital Ltd owned about 0.07% of Nine Energy Service at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in Nine Energy Service during the 3rd quarter worth $126,000. Citigroup Inc. purchased a new position in Nine Energy Service during the 3rd quarter worth $164,000. Kestra Advisory Services LLC grew its stake in Nine Energy Service by 23.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 44,635 shares of the company’s stock worth $184,000 after buying an additional 8,576 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Nine Energy Service during the 3rd quarter worth $288,000. Finally, CastleKnight Management LP purchased a new position in Nine Energy Service during the 4th quarter worth $657,000. 57.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nine Energy Service

In other news, major shareholder William Monroe purchased 765,488 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were acquired at an average price of $1.61 per share, for a total transaction of $1,232,435.68. Following the purchase, the insider now owns 3,000,000 shares in the company, valued at $4,830,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Ernie L. Danner sold 136,853 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1.98, for a total value of $270,968.94. Following the sale, the director now owns 79,719 shares in the company, valued at $157,843.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder William Monroe bought 765,488 shares of the stock in a transaction dated Thursday, June 6th. The stock was bought at an average price of $1.61 per share, for a total transaction of $1,232,435.68. Following the purchase, the insider now directly owns 3,000,000 shares of the company’s stock, valued at $4,830,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 943,127 shares of company stock worth $1,492,039 and have sold 165,430 shares worth $328,326. Company insiders own 6.20% of the company’s stock.

Nine Energy Service Price Performance

Shares of NINE stock opened at $1.67 on Friday. Nine Energy Service, Inc. has a 1-year low of $1.37 and a 1-year high of $5.59. The stock’s fifty day moving average price is $1.81 and its 200 day moving average price is $2.19. The company has a market cap of $59.00 million, a price-to-earnings ratio of -1.65 and a beta of 3.36.

Nine Energy Service (NYSE:NINE) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.08. The firm had revenue of $142.12 million for the quarter, compared to analysts’ expectations of $141.90 million. As a group, equities research analysts anticipate that Nine Energy Service, Inc. will post -1.08 earnings per share for the current year.

About Nine Energy Service

Nine Energy Service, Inc operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally. It offers cementing services, including blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well.