Insider Selling: KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Insider Sells 6,336 Shares of Stock

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) insider Geoffrey C. Stanford sold 6,336 shares of KLX Energy Services stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $3.75, for a total value of $23,760.00. Following the completion of the sale, the insider now owns 28,836 shares in the company, valued at $108,135. This represents a 18.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

KLX Energy Services Trading Down 7.0 %

Shares of NASDAQ:KLXE traded down $0.27 during midday trading on Friday, reaching $3.56. 312,211 shares of the company’s stock were exchanged, compared to its average volume of 167,993. The firm’s 50 day simple moving average is $4.92 and its two-hundred day simple moving average is $5.18. KLX Energy Services Holdings, Inc. has a fifty-two week low of $3.51 and a fifty-two week high of $8.13. The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08. The stock has a market cap of $61.95 million, a price-to-earnings ratio of -1.20 and a beta of 1.98.

Institutional Investors Weigh In On KLX Energy Services

A number of institutional investors and hedge funds have recently made changes to their positions in KLXE. Mesirow Financial Investment Management Inc. acquired a new stake in KLX Energy Services in the 4th quarter valued at approximately $50,000. Virtu Financial LLC acquired a new stake in shares of KLX Energy Services in the third quarter valued at $77,000. SkyView Investment Advisors LLC lifted its stake in KLX Energy Services by 20.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock worth $82,000 after acquiring an additional 2,500 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in KLX Energy Services during the 4th quarter valued at about $83,000. Finally, PEAK6 LLC purchased a new position in KLX Energy Services during the 4th quarter valued at about $98,000. 42.69% of the stock is owned by hedge funds and other institutional investors.

About KLX Energy Services

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.