Insider Selling: Nine Energy Service, Inc. (NYSE:NINE) Insider Sells $60,358.00 in Stock

Nine Energy Service, Inc. (NYSE:NINE) insider Ann G. Fox sold 60,358 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $1.00, for a total transaction of $60,358.00. Following the sale, the insider now directly owns 697,935 shares of the company’s stock, valued at approximately $697,935. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Nine Energy Service Stock Up 10.8 %

NYSE NINE opened at $1.44 on Friday. Nine Energy Service, Inc. has a 52 week low of $0.75 and a 52 week high of $3.26. The company has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.49. The firm has a market cap of $61.00 million, a PE ratio of -1.19 and a beta of 3.31.

Hedge Funds Weigh In On Nine Energy Service

A number of large investors have recently made changes to their positions in the business. Jaffetilchin Investment Partners LLC boosted its position in shares of Nine Energy Service by 89.8% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 113,424 shares of the company’s stock worth $191,000 after purchasing an additional 53,657 shares in the last quarter. Virtu Financial LLC raised its stake in Nine Energy Service by 352.9% in 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 last quarter. Great Valley Advisor Group Inc. acquired a new stake in Nine Energy Service in the second quarter worth about $34,000. XTX Topco Ltd purchased a new stake in shares of Nine Energy Service during the second quarter worth about $32,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Nine Energy Service during the second quarter worth about $31,000. 57.61% of the stock is owned by institutional investors and hedge funds.

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.