Ghisallo Capital Management LLC Has $2.73 Million Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Ghisallo Capital Management LLC decreased its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after selling 100,000 shares during the period. Ghisallo Capital Management LLC owned 0.12% of Kodiak Gas Services worth $2,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. U.S. Capital Wealth Advisors LLC acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $913,000. Quantbot Technologies LP lifted its position in Kodiak Gas Services by 345.3% during the 1st quarter. Quantbot Technologies LP now owns 45,403 shares of the company’s stock valued at $1,241,000 after purchasing an additional 35,208 shares during the period. Jennison Associates LLC acquired a new position in Kodiak Gas Services during the 1st quarter valued at about $5,184,000. Public Employees Retirement System of Ohio acquired a new position in Kodiak Gas Services during the 1st quarter valued at about $1,046,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Kodiak Gas Services during the 1st quarter valued at about $11,544,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of KGS opened at $29.19 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70. Kodiak Gas Services, Inc. has a twelve month low of $16.72 and a twelve month high of $30.52. The stock has a market capitalization of $2.46 billion, a P/E ratio of 33.17 and a beta of 0.89. The company has a 50 day moving average of $27.45 and a 200-day moving average of $27.28.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The business had revenue of $309.65 million during the quarter, compared to analyst estimates of $313.88 million. As a group, equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.15 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were issued a $0.41 dividend. The ex-dividend date was Monday, August 12th. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.62%. Kodiak Gas Services’s dividend payout ratio (DPR) is 186.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KGS shares. Bank of America began coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 target price on the stock. Stifel Nicolaus increased their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Truist Financial increased their price target on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Royal Bank of Canada increased their price target on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, Barclays began coverage on shares of Kodiak Gas Services in a research report on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.10.

Kodiak Gas Services Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.