GSA Capital Partners LLP Raises Stock Position in Natural Gas Services Group, Inc. (NYSE:NGS)

GSA Capital Partners LLP increased its stake in Natural Gas Services Group, Inc. (NYSE:NGS) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,070 shares of the oil and gas company’s stock after purchasing an additional 557 shares during the quarter. GSA Capital Partners LLP owned 0.14% of Natural Gas Services Group worth $345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Natural Gas Services Group by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 921,915 shares of the oil and gas company’s stock worth $18,548,000 after buying an additional 18,001 shares in the last quarter. Vanguard Group Inc. increased its stake in Natural Gas Services Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 491,167 shares of the oil and gas company’s stock worth $9,543,000 after buying an additional 6,129 shares in the last quarter. Renaissance Technologies LLC increased its stake in Natural Gas Services Group by 5.1% in the 2nd quarter. Renaissance Technologies LLC now owns 399,342 shares of the oil and gas company’s stock worth $8,035,000 after buying an additional 19,543 shares in the last quarter. American Century Companies Inc. increased its stake in Natural Gas Services Group by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 127,330 shares of the oil and gas company’s stock worth $2,562,000 after buying an additional 7,021 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Natural Gas Services Group by 80.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 91,427 shares of the oil and gas company’s stock worth $1,840,000 after buying an additional 40,672 shares in the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Raymond James assumed coverage on Natural Gas Services Group in a research note on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price target for the company. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday.

Natural Gas Services Group Price Performance

Natural Gas Services Group stock opened at $27.89 on Friday. The firm has a 50-day moving average price of $21.01 and a 200-day moving average price of $20.71. The firm has a market capitalization of $347.90 million, a PE ratio of 21.80 and a beta of 1.03. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. Natural Gas Services Group, Inc. has a 12-month low of $12.75 and a 12-month high of $28.31.

Insider Buying and Selling

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 1,521 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.00, for a total transaction of $39,546.00. Following the transaction, the director now owns 516,866 shares of the company’s stock, valued at approximately $13,438,516. This trade represents a 0.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 23,473 shares of company stock valued at $578,015 in the last 90 days. Company insiders own 7.25% of the company’s stock.

Natural Gas Services Group Company Profile

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.