Wellington Management Group LLP Invests $197,000 in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Wellington Management Group LLP purchased a new position in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,071 shares of the energy company’s stock, valued at approximately $197,000. Wellington Management Group LLP owned approximately 0.10% of Mammoth Energy Services as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in shares of Mammoth Energy Services by 15.2% during the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock worth $5,527,000 after buying an additional 178,240 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Mammoth Energy Services by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 806,280 shares of the energy company’s stock valued at $2,645,000 after acquiring an additional 99,093 shares during the period. Bank of New York Mellon Corp lifted its holdings in Mammoth Energy Services by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 166,591 shares of the energy company’s stock valued at $546,000 after acquiring an additional 10,796 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Mammoth Energy Services during the 3rd quarter worth $42,000. Finally, State Street Corp increased its holdings in shares of Mammoth Energy Services by 1.4% in the 3rd quarter. State Street Corp now owns 403,688 shares of the energy company’s stock valued at $1,651,000 after purchasing an additional 5,400 shares in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.

Mammoth Energy Services Price Performance

Shares of NASDAQ:TUSK opened at $2.84 on Friday. The firm has a market capitalization of $136.68 million, a price-to-earnings ratio of -0.69 and a beta of 1.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. The business’s 50 day simple moving average is $3.63 and its 200-day simple moving average is $3.67. Mammoth Energy Services, Inc. has a 12 month low of $2.50 and a 12 month high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.49). Mammoth Energy Services had a negative return on equity of 53.85% and a negative net margin of 105.49%. The firm had revenue of $40.02 million for the quarter. During the same quarter last year, the firm posted ($0.02) EPS.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Mammoth Energy Services from a “hold” rating to a “sell” rating in a report on Thursday.

Insider Activity at Mammoth Energy Services

In related news, Director Corey J. Booker sold 10,000 shares of Mammoth Energy Services stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $3.43, for a total transaction of $34,300.00. Following the completion of the transaction, the director now directly owns 140,488 shares in the company, valued at $481,873.84. The trade was a 6.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 33,659 shares of company stock valued at $115,657. Insiders own 3.44% of the company’s stock.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.