Inspire Advisors LLC Invests $424,000 in Natural Gas Services Group, Inc. (NYSE:NGS)

Inspire Advisors LLC purchased a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,834 shares of the oil and gas company’s stock, valued at approximately $424,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP grew its holdings in shares of Natural Gas Services Group by 3.2% during the third quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company’s stock worth $345,000 after purchasing an additional 557 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Natural Gas Services Group by 4.7% in the fourth 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. Charles Schwab Investment Management Inc. lifted its stake in shares of Natural Gas Services Group by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company’s stock worth $595,000 after acquiring an additional 1,485 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 3,056 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of Natural Gas Services Group by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 3,564 shares during the period. 65.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Natural Gas Services Group Price Performance

Natural Gas Services Group stock opened at $22.72 on Thursday. The stock’s 50 day moving average is $26.32 and its 200 day moving average is $23.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a market cap of $283.77 million, a P/E ratio of 17.75 and a beta of 1.13. Natural Gas Services Group, Inc. has a one year low of $16.70 and a one year high of $29.74.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of Natural Gas Services Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the sale, the director now directly owns 438,387 shares in the company, valued at approximately $12,625,545.60. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.25% of the stock is currently owned by corporate insiders.

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.