Net Worth Advisory Group Makes New $213,000 Investment in Natural Gas Services Group, Inc. (NYSE:NGS)

Net Worth Advisory Group bought a new stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,945 shares of the oil and gas company’s stock, valued at approximately $213,000.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Natural Gas Services Group in the fourth quarter valued at about $1,001,000. Proficio Capital Partners LLC acquired a new position in shares of Natural Gas Services Group in the 4th quarter valued at approximately $214,000. Bank of New York Mellon Corp lifted its holdings in shares of Natural Gas Services Group by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 32,102 shares of the oil and gas company’s stock worth $860,000 after acquiring an additional 1,433 shares during the period. Rhumbline Advisers lifted its holdings in shares of Natural Gas Services Group by 195.2% during the 4th quarter. Rhumbline Advisers now owns 31,362 shares of the oil and gas company’s stock worth $840,000 after acquiring an additional 20,738 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Natural Gas Services Group by 5.1% during the 4th quarter. Empowered Funds LLC now owns 93,354 shares of the oil and gas company’s stock worth $2,502,000 after acquiring an additional 4,497 shares in the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.

Natural Gas Services Group Stock Performance

Natural Gas Services Group stock opened at $21.86 on Wednesday. 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 stock has a market cap of $272.97 million, a PE ratio of 17.07 and a beta of 1.13. Natural Gas Services Group, Inc. has a 12-month low of $16.70 and a 12-month high of $29.74. The business’s 50-day moving average price is $26.42 and its two-hundred day moving average price is $23.89.

Insider Activity

In other news, Director Stephen Charles Taylor sold 19,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the completion of the transaction, the director now directly owns 438,387 shares in the company, valued at approximately $12,625,545.60. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

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.