30,881 Shares in Nine Energy Service, Inc. (NYSE:NINE) Purchased by Legato Capital Management LLC

Legato Capital Management LLC bought a new position in Nine Energy Service, Inc. (NYSE:NINE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,881 shares of the company’s stock, valued at approximately $35,000. Legato Capital Management LLC owned approximately 0.07% of Nine Energy Service at the end of the most recent quarter.

Nine Energy Service Trading Down 2.9 %

NYSE:NINE opened at $1.19 on Friday. The company has a market capitalization of $50.20 million, a P/E ratio of -0.99 and a beta of 3.50. Nine Energy Service, Inc. has a 12 month low of $0.75 and a 12 month high of $3.26. The business’s 50-day moving average is $1.20 and its 200 day moving average is $1.24.

Insider Buying and Selling

In other Nine Energy Service news, insider Guy Sirkes sold 35,380 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1.67, for a total transaction of $59,084.60. Following the sale, the insider now directly owns 156,966 shares of the company’s stock, valued at $262,133.22. The trade was a 18.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder William Monroe acquired 260,000 shares of Nine Energy Service stock in a transaction on Thursday, November 21st. The shares were bought at an average cost of $1.24 per share, for a total transaction of $322,400.00. Following the completion of the purchase, the insider now directly owns 4,860,000 shares of the company’s stock, valued at $6,026,400. The trade was a 5.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.20% of the stock is owned by company insiders.

About Nine Energy Service

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.