57,600 Shares in Kodiak Gas Services, Inc. $KGS Acquired by Alden Global Capital LLC

Alden Global Capital LLC purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 57,600 shares of the company’s stock, valued at approximately $1,974,000. Kodiak Gas Services comprises 1.2% of Alden Global Capital LLC’s holdings, making the stock its 17th biggest holding.

Several other institutional investors also recently modified their holdings of KGS. Allworth Financial LP grew its holdings in shares of Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after acquiring an additional 703 shares during the last quarter. Quarry LP purchased a new position in Kodiak Gas Services in the 1st quarter worth about $30,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Kodiak Gas Services during the 1st quarter worth about $37,000. EverSource Wealth Advisors LLC raised its holdings in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after buying an additional 1,156 shares during the period. Finally, Salem Investment Counselors Inc. purchased a new stake in Kodiak Gas Services during the second quarter valued at about $51,000. Institutional investors own 24.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. William Blair assumed coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating on the stock. Zacks Research downgraded shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Stifel Nicolaus set a $48.00 target price on Kodiak Gas Services in a report on Thursday, November 6th. Finally, Wall Street Zen downgraded Kodiak Gas Services from a “hold” rating to a “sell” rating in a report on Saturday. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.29.

Kodiak Gas Services Trading Down 1.9%

Kodiak Gas Services stock opened at $37.22 on Friday. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $50.43. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The stock has a market cap of $3.23 billion, a P/E ratio of 46.52 and a beta of 1.33. The company’s fifty day simple moving average is $35.05 and its 200-day simple moving average is $34.43.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The firm had revenue of $322.74 million for the quarter, compared to analyst estimates of $328.23 million. During the same period in the previous year, the business posted ($0.07) EPS. Kodiak Gas Services’s revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.45. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 245.00%.

About Kodiak Gas Services

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.