Nine Energy Service, Inc. (NYSE:NINE) Stake Cut by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its holdings in shares of Nine Energy Service, Inc. (NYSE:NINE) by 47.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,524 shares of the company’s stock after selling 214,679 shares during the period. GSA Capital Partners LLP owned about 0.56% of Nine Energy Service worth $266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Jaffetilchin Investment Partners LLC boosted its position in Nine Energy Service by 89.8% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 113,424 shares of the company’s stock worth $191,000 after acquiring an additional 53,657 shares during the period. Virtu Financial LLC lifted its holdings in Nine Energy Service by 352.9% in the first quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock worth $131,000 after purchasing an additional 45,611 shares during the period. Great Valley Advisor Group Inc. bought a new position in Nine Energy Service in the 2nd quarter valued at about $34,000. XTX Topco Ltd acquired a new position in Nine Energy Service during the 2nd quarter valued at about $32,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Nine Energy Service in the 2nd quarter worth approximately $31,000. 57.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Nine Energy Service news, insider Ann G. Fox sold 60,358 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $1.00, for a total value of $60,358.00. Following the completion of the sale, the insider now owns 697,935 shares of the company’s stock, valued at $697,935. The trade was a 7.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder William Monroe acquired 435,000 shares of Nine Energy Service stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average price of $1.19 per share, with a total value of $517,650.00. Following the completion of the purchase, the insider now directly owns 4,335,000 shares of the company’s stock, valued at $5,158,650. The trade was a 11.15 % increase in their position. The disclosure for this purchase can be found here. 6.20% of the stock is owned by company insiders.

Nine Energy Service Stock Up 15.1 %

NYSE:NINE opened at $1.45 on Friday. The business’s 50-day moving average price is $1.15 and its 200 day moving average price is $1.42. Nine Energy Service, Inc. has a 52-week low of $0.75 and a 52-week high of $3.26. The firm has a market cap of $61.42 million, a P/E ratio of -1.21 and a beta of 3.31.

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.