Marty Stromquist Sells 7,907 Shares of NCS Multistage Holdings Inc (NCSM) Stock

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NCS Multistage Holdings Inc (NASDAQ:NCSM) President Marty Stromquist sold 7,907 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $7.60, for a total transaction of $60,093.20. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Marty Stromquist also recently made the following trade(s):

  • On Thursday, November 29th, Marty Stromquist sold 2,960 shares of NCS Multistage stock. The stock was sold at an average price of $7.60, for a total transaction of $22,496.00.
  • On Tuesday, November 27th, Marty Stromquist sold 403 shares of NCS Multistage stock. The stock was sold at an average price of $7.63, for a total transaction of $3,074.89.
  • On Tuesday, November 20th, Marty Stromquist sold 18,294 shares of NCS Multistage stock. The stock was sold at an average price of $7.62, for a total transaction of $139,400.28.
  • On Friday, November 9th, Marty Stromquist sold 67,495 shares of NCS Multistage stock. The stock was sold at an average price of $7.71, for a total value of $520,386.45.

Shares of NCSM opened at $7.21 on Friday. NCS Multistage Holdings Inc has a 12-month low of $6.53 and a 12-month high of $20.54. The firm has a market cap of $316.88 million, a P/E ratio of 29.33 and a beta of 1.87. The company has a current ratio of 3.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.06.

NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.07). The firm had revenue of $62.69 million for the quarter, compared to the consensus estimate of $77.71 million. NCS Multistage had a return on equity of 3.10% and a net margin of 4.36%. As a group, analysts predict that NCS Multistage Holdings Inc will post 0.23 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut NCS Multistage from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. BidaskClub upgraded NCS Multistage from a “hold” rating to a “buy” rating in a research note on Saturday, September 29th. Wells Fargo & Co cut NCS Multistage from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a research note on Monday, October 15th. TheStreet cut NCS Multistage from a “c-” rating to a “d+” rating in a research note on Thursday, November 1st. Finally, Piper Jaffray Companies set a $10.00 price objective on NCS Multistage and gave the stock a “buy” rating in a research note on Thursday, November 8th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. NCS Multistage currently has a consensus rating of “Hold” and a consensus price target of $15.63.

A number of hedge funds have recently bought and sold shares of NCSM. FMR LLC lifted its stake in NCS Multistage by 18.1% in the second quarter. FMR LLC now owns 4,311,228 shares of the company’s stock valued at $62,642,000 after buying an additional 661,076 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in NCS Multistage in the second quarter valued at $4,939,000. Boston Partners bought a new stake in NCS Multistage in the second quarter valued at $2,833,000. Sapience Investments LLC lifted its stake in NCS Multistage by 30.8% in the second quarter. Sapience Investments LLC now owns 715,226 shares of the company’s stock valued at $10,392,000 after buying an additional 168,366 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in NCS Multistage by 20.2% in the third quarter. Vanguard Group Inc. now owns 930,339 shares of the company’s stock valued at $15,360,000 after buying an additional 156,341 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

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About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.

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