Dynamic Technology Lab Private Ltd Acquires New Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Dynamic Technology Lab Private Ltd bought a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,675 shares of the oil and gas company’s stock, valued at approximately $261,000. Dynamic Technology Lab Private Ltd owned 0.11% of Natural Gas Services Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NGS. Assenagon Asset Management S.A. raised its position in shares of Natural Gas Services Group by 80.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 91,427 shares of the oil and gas company’s stock valued at $1,840,000 after purchasing an additional 40,672 shares during the period. Bank of New York Mellon Corp purchased a new stake in Natural Gas Services Group in the 2nd quarter worth $788,000. Marshall Wace LLP raised its holdings in Natural Gas Services Group by 100.7% during the second quarter. Marshall Wace LLP now owns 77,220 shares of the oil and gas company’s stock valued at $1,554,000 after acquiring an additional 38,751 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of Natural Gas Services Group in the second quarter valued at about $693,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Natural Gas Services Group by 5.1% in the second quarter. Renaissance Technologies LLC now owns 399,342 shares of the oil and gas company’s stock worth $8,035,000 after acquiring an additional 19,543 shares during the period. Institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Trading Up 0.8 %

Shares of Natural Gas Services Group stock opened at $27.76 on Monday. Natural Gas Services Group, Inc. has a twelve month low of $12.75 and a twelve month high of $28.50. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $21.95 and a 200-day moving average price of $20.87. The firm has a market cap of $346.17 million, a price-to-earnings ratio of 21.69 and a beta of 1.03.

Analyst Ratings Changes

Several analysts recently issued reports on NGS shares. StockNews.com raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Raymond James initiated coverage on shares of Natural Gas Services Group in a report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 target price on the stock.

Insider Buying and Selling at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 10,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the transaction, the director now owns 468,387 shares in the company, valued at $13,114,836. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 30,892 shares of company stock worth $805,133 in the last quarter. 7.25% of the stock is owned by corporate insiders.

About Natural Gas Services Group

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.