Aegis Financial Corp Sells 84,100 Shares of Natural Gas Services Group, Inc. $NGS

Aegis Financial Corp trimmed its position in Natural Gas Services Group, Inc. (NYSE:NGS) by 12.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 587,012 shares of the oil and gas company’s stock after selling 84,100 shares during the quarter. Natural Gas Services Group accounts for approximately 3.8% of Aegis Financial Corp’s holdings, making the stock its 11th biggest holding. Aegis Financial Corp’s holdings in Natural Gas Services Group were worth $22,154,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NGS. NewEdge Advisors LLC boosted its position in Natural Gas Services Group by 831.2% during the 1st quarter. NewEdge Advisors LLC now owns 12,776 shares of the oil and gas company’s stock valued at $281,000 after buying an additional 11,404 shares during the period. Empowered Funds LLC increased its position in shares of Natural Gas Services Group by 5.5% in the first quarter. Empowered Funds LLC now owns 98,479 shares of the oil and gas company’s stock valued at $2,164,000 after acquiring an additional 5,125 shares during the period. Geode Capital Management LLC increased its position in shares of Natural Gas Services Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company’s stock valued at $5,958,000 after acquiring an additional 3,221 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Natural Gas Services Group by 44.8% during the second quarter. JPMorgan Chase & Co. now owns 33,994 shares of the oil and gas company’s stock valued at $877,000 after acquiring an additional 10,525 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Natural Gas Services Group by 52.4% during the second quarter. Rhumbline Advisers now owns 16,770 shares of the oil and gas company’s stock valued at $433,000 after acquiring an additional 5,763 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Trading Down 0.1%

Shares of NGS opened at $39.43 on Thursday. The firm’s 50-day moving average price is $41.28 and its 200-day moving average price is $38.71. The firm has a market capitalization of $496.82 million, a price-to-earnings ratio of 22.92 and a beta of 0.40. The company has a current ratio of 2.70, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. Natural Gas Services Group, Inc. has a 1-year low of $22.72 and a 1-year high of $44.60.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Monday, May 11th. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08. Natural Gas Services Group had a net margin of 12.17% and a return on equity of 7.99%. The company had revenue of $48.47 million for the quarter, compared to analysts’ expectations of $47.09 million. Sell-side analysts anticipate that Natural Gas Services Group, Inc. will post 2.05 EPS for the current year.

Natural Gas Services Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.5%. This is an increase from Natural Gas Services Group’s previous quarterly dividend of $0.11. Natural Gas Services Group’s dividend payout ratio is currently 34.88%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Raymond James Financial raised their target price on Natural Gas Services Group from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Natural Gas Services Group in a research report on Monday, June 29th. Zacks Research raised Natural Gas Services Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Finally, Stifel Nicolaus increased their price objective on Natural Gas Services Group from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $50.50.

Natural Gas Services Group Profile

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.