Cygnus Capital Advisors LLC Invests $6.51 Million in Nine Energy Service, Inc. $NINE

Cygnus Capital Advisors LLC purchased a new stake in shares of Nine Energy Service, Inc. (NYSEAMERICAN:NINE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500,358 shares of the company’s stock, valued at approximately $6,510,000. Nine Energy Service makes up about 4.4% of Cygnus Capital Advisors LLC’s portfolio, making the stock its 4th largest holding. Cygnus Capital Advisors LLC owned approximately 1.16% of Nine Energy Service as of its most recent filing with the Securities and Exchange Commission (SEC).

Nine Energy Service Price Performance

Shares of NINE opened at $10.25 on Tuesday. The firm’s 50 day moving average is $11.13. Nine Energy Service, Inc. has a 1 year low of $7.32 and a 1 year high of $13.23. The company has a quick ratio of 1.68, a current ratio of 2.34 and a debt-to-equity ratio of 0.75.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Nine Energy Service to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Nine Energy Service

Nine Energy Service is an oilfield services company that provides completion and production solutions to upstream oil and gas operators. The company focuses on delivering field services and rental equipment used in well completion and production phases of drilling programs. Its client base includes exploration and production companies operating in onshore resource plays.

Nine Energy’s offerings center on specialized equipment and on-site technical services designed to support well completions and ongoing production operations.