Nine Energy Service, Inc. (NYSE:NINE) Major Shareholder Purchases $322,400.00 in Stock

Nine Energy Service, Inc. (NYSE:NINE) major shareholder William Monroe bought 260,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of $1.24 per share, with a total value of $322,400.00. Following the purchase, the insider now owns 4,860,000 shares in the company, valued at $6,026,400. The trade was a 5.65 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

William Monroe also recently made the following trade(s):

• On Tuesday, November 19th, William Monroe purchased 435,000 shares of Nine Energy Service stock. The stock was bought at an average cost of $1.19 per share, for a total transaction of $517,650.00.

Nine Energy Service Stock Performance

NYSE:NINE opened at $1.45 on Friday. The business has a 50 day moving average price of $1.15 and a 200-day moving average price of $1.42. Nine Energy Service, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $3.26. The firm has a market cap of $61.42 million, a PE ratio of -1.21 and a beta of 3.31.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jaffetilchin Investment Partners LLC increased its stake in shares of Nine Energy Service by 89.8% during the second quarter. Jaffetilchin Investment Partners LLC now owns 113,424 shares of the company’s stock valued at $191,000 after buying an additional 53,657 shares during the period. Virtu Financial LLC increased its position in shares of Nine Energy Service by 352.9% during the first quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock valued at $131,000 after buying an additional 45,611 shares during the period. Great Valley Advisor Group Inc. bought a new stake in Nine Energy Service during the 2nd quarter valued at approximately $34,000. XTX Topco Ltd bought a new stake in shares of Nine Energy Service during the second quarter valued at approximately $32,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Nine Energy Service during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 57.61% of the company’s stock.

Nine Energy Service Company Profile

Nine Energy Service, Inc operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally. It offers cementing services, including blending high-grade cement and water with various solid and liquid additives to create a cement slurry that is pumped between the casing and the wellbore of the well.