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

Nine Energy Service, Inc. (NYSE:NINE) major shareholder William Monroe acquired 260,000 shares of Nine Energy Service stock in a transaction on Thursday, November 21st. The shares were bought at an average price of $1.24 per share, with a total value of $322,400.00. Following the purchase, the insider now directly owns 4,860,000 shares in the company, valued at approximately $6,026,400. The trade was a 5.65 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% 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 acquired 435,000 shares of Nine Energy Service stock. The shares were bought at an average price of $1.19 per share, with a total value of $517,650.00.

Nine Energy Service Trading Up 15.1 %

NYSE NINE opened at $1.45 on Friday. The stock has a 50-day simple moving average of $1.15 and a two-hundred day simple moving average 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.

Hedge Funds Weigh In On Nine Energy Service

A number of institutional investors have recently modified their holdings of NINE. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Nine Energy Service during the 2nd quarter valued at about $31,000. XTX Topco Ltd purchased a new position in shares of Nine Energy Service in the 2nd quarter valued at about $32,000. Great Valley Advisor Group Inc. purchased a new position in shares of Nine Energy Service in the 2nd quarter valued at about $34,000. Virtu Financial LLC increased its stake in shares of Nine Energy Service by 352.9% in the 1st quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock valued at $131,000 after purchasing an additional 45,611 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of Nine Energy Service by 86.8% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 59,767 shares of the company’s stock valued at $134,000 after purchasing an additional 27,767 shares in the last quarter. Hedge funds and other institutional investors own 57.61% of the company’s stock.

About Nine Energy Service

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.