Insider Selling: NCS Multistage (NASDAQ:NCSM) Director Sells $125,880.00 in Stock

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Director Robert Nipper sold 3,147 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $40.00, for a total value of $125,880.00. Following the completion of the transaction, the director owned 88,596 shares in the company, valued at approximately $3,543,840. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Robert Nipper also recently made the following trade(s):

• On Wednesday, November 5th, Robert Nipper sold 1,000 shares of NCS Multistage stock. The stock was sold at an average price of $40.00, for a total value of $40,000.00.

NCS Multistage Stock Down 3.3%

NASDAQ NCSM opened at $37.53 on Friday. The business has a fifty day moving average price of $44.04 and a 200 day moving average price of $35.85. NCS Multistage Holdings, Inc. has a one year low of $20.00 and a one year high of $53.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.83 and a current ratio of 4.66. The company has a market cap of $95.36 million, a P/E ratio of 8.27 and a beta of 0.79.

NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.20. NCS Multistage had a net margin of 6.89% and a return on equity of 12.27%. The company had revenue of $46.54 million for the quarter, compared to analysts’ expectations of $46.10 million.

Hedge Funds Weigh In On NCS Multistage

Several institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of NCS Multistage by 3,774.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after buying an additional 7,964 shares during the last quarter. Bailard Inc. purchased a new position in NCS Multistage in the first quarter worth approximately $249,000. Inspire Advisors LLC acquired a new stake in NCS Multistage during the second quarter worth $430,000. Finally, Empowered Funds LLC increased its stake in NCS Multistage by 7.3% during the first quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock worth $752,000 after acquiring an additional 1,455 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NCSM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NCS Multistage in a research note on Wednesday, October 8th. Zacks Research lowered NCS Multistage from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.