Thompson Davis & CO. Inc. Decreases Stock Position in Energy Services of America Co. (NASDAQ:ESOA)

Thompson Davis & CO. Inc. cut its position in Energy Services of America Co. (NASDAQ:ESOA) by 85.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,350 shares of the company’s stock after selling 498,075 shares during the period. Energy Services of America accounts for 0.6% of Thompson Davis & CO. Inc.’s holdings, making the stock its 27th largest position. Thompson Davis & CO. Inc.’s holdings in Energy Services of America were worth $801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ESOA. Quadrature Capital Ltd purchased a new position in Energy Services of America in the 1st quarter worth approximately $106,000. CreativeOne Wealth LLC acquired a new position in shares of Energy Services of America during the 1st quarter valued at about $109,000. Heron Bay Capital Management acquired a new stake in Energy Services of America during the first quarter worth about $234,000. Ritholtz Wealth Management increased its position in Energy Services of America by 46.7% during the second quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock worth $436,000 after purchasing an additional 19,380 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Energy Services of America during the third quarter worth about $452,000. Hedge funds and other institutional investors own 2.13% of the company’s stock.

Insiders Place Their Bets

In other news, Director Frank S. Lucente sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $10.80, for a total value of $32,400.00. Following the completion of the transaction, the director now owns 281,337 shares of the company’s stock, valued at approximately $3,038,439.60. This trade represents a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jack M. Reynolds sold 25,000 shares of Energy Services of America stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $10.30, for a total transaction of $257,500.00. Following the completion of the transaction, the director now owns 408,385 shares of the company’s stock, valued at $4,206,365.50. This trade represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,946 shares of company stock valued at $1,231,387 over the last quarter. 44.68% of the stock is owned by insiders.

Energy Services of America Stock Performance

Shares of NASDAQ ESOA opened at $15.09 on Wednesday. Energy Services of America Co. has a 1 year low of $3.46 and a 1 year high of $15.30. The company has a 50 day simple moving average of $10.97 and a 200-day simple moving average of $8.82.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.