Nine Energy Service, Inc. (NYSE:NINE) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC reduced its stake in shares of Nine Energy Service, Inc. (NYSE:NINE) by 30.1% in the 4th quarter, HoldingsChannel reports. The firm owned 92,700 shares of the company’s stock after selling 40,000 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Nine Energy Service were worth $104,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in shares of Nine Energy Service during the 4th quarter worth approximately $28,000. Prudential Financial Inc. acquired a new position in shares of Nine Energy Service during the 4th quarter worth approximately $32,000. XTX Topco Ltd raised its position in shares of Nine Energy Service by 49.9% during the 4th quarter. XTX Topco Ltd now owns 31,657 shares of the company’s stock worth $35,000 after purchasing an additional 10,541 shares during the last quarter. Legato Capital Management LLC acquired a new position in shares of Nine Energy Service during the 4th quarter worth approximately $35,000. Finally, Northern Trust Corp raised its position in shares of Nine Energy Service by 31.6% during the 4th quarter. Northern Trust Corp now owns 99,142 shares of the company’s stock worth $111,000 after purchasing an additional 23,831 shares during the last quarter. 57.61% of the stock is currently owned by institutional investors and hedge funds.

Nine Energy Service Price Performance

Shares of Nine Energy Service stock opened at $0.71 on Wednesday. The business has a 50 day moving average price of $0.96 and a 200 day moving average price of $1.13. The company has a market capitalization of $30.03 million, a P/E ratio of -0.59 and a beta of 2.80. Nine Energy Service, Inc. has a 1 year low of $0.60 and a 1 year high of $2.02.

Nine Energy Service (NYSE:NINE) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.02. The business had revenue of $150.47 million during the quarter, compared to analyst estimates of $149.10 million. As a group, research analysts expect that Nine Energy Service, Inc. will post -1.12 EPS for the current fiscal year.

Insider Buying and Selling at Nine Energy Service

In other Nine Energy Service news, insider Theodore R. Moore sold 38,017 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $0.73, for a total value of $27,752.41. Following the completion of the transaction, the insider now directly owns 148,403 shares in the company, valued at approximately $108,334.19. The trade was a 20.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 52,979 shares of company stock worth $37,902. Insiders own 4.10% 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.