Penbrook Management LLC Trims Stock Position in Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Penbrook Management LLC decreased its holdings in Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 32.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 22,200 shares of the energy company’s stock after selling 10,500 shares during the period. Penbrook Management LLC’s holdings in Mammoth Energy Services were worth $67,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Mammoth Energy Services in the third quarter worth approximately $197,000. Barclays PLC raised its stake in Mammoth Energy Services by 65.1% during the third quarter. Barclays PLC now owns 57,081 shares of the energy company’s stock worth $233,000 after purchasing an additional 22,503 shares during the period. State Street Corp raised its stake in Mammoth Energy Services by 1.4% during the third quarter. State Street Corp now owns 403,688 shares of the energy company’s stock worth $1,651,000 after purchasing an additional 5,400 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mammoth Energy Services by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 528,850 shares of the energy company’s stock valued at $2,163,000 after purchasing an additional 9,852 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of Mammoth Energy Services by 15.2% during the 3rd quarter. Royce & Associates LP now owns 1,351,224 shares of the energy company’s stock valued at $5,527,000 after buying an additional 178,240 shares during the period. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Mammoth Energy Services from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

Insider Activity

In related news, Director Corey J. Booker sold 10,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $3.43, for a total transaction of $34,300.00. Following the completion of the sale, the director now directly owns 140,488 shares of the company’s stock, valued at approximately $481,873.84. This represents a 6.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 33,659 shares of company stock valued at $115,657. Company insiders own 3.44% of the company’s stock.

Mammoth Energy Services Price Performance

Mammoth Energy Services stock opened at $3.08 on Thursday. Mammoth Energy Services, Inc. has a 12 month low of $2.50 and a 12 month high of $4.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.13 and a current ratio of 2.25. The stock’s 50-day moving average is $3.11 and its 200-day moving average is $3.63.

Mammoth Energy Services (NASDAQ:TUSK) last posted its quarterly earnings results on Friday, November 1st. The energy company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.49). The business had revenue of $40.02 million during the quarter. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%. During the same quarter last year, the firm earned ($0.02) EPS.

Mammoth Energy Services Profile

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.