Legato Capital Management LLC bought a new stake in shares of Nine Energy Service, Inc. (NYSE:NINE – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 30,881 shares of the company’s stock, valued at approximately $35,000.
Insider Activity
In other Nine Energy Service news, major shareholder William Monroe bought 260,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of $1.24 per share, with a total value of $322,400.00. Following the completion of the purchase, the insider now owns 4,860,000 shares in the company, valued at $6,026,400. This represents a 5.65 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Guy Sirkes sold 35,380 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1.67, for a total value of $59,084.60. Following the completion of the transaction, the insider now directly owns 156,966 shares in the company, valued at approximately $262,133.22. This trade represents a 18.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.
Nine Energy Service Stock Performance
NINE opened at $1.19 on Friday. The stock has a market cap of $50.20 million, a price-to-earnings ratio of -0.99 and a beta of 3.50. The stock’s 50 day moving average price is $1.20 and its 200-day moving average price is $1.24. Nine Energy Service, Inc. has a one year low of $0.75 and a one year high of $3.26.
Nine Energy Service Profile
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.
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