Theodore R. Moore, an insider at Nine Energy Service, Inc. (NYSE:NINE – Get Free Report), sold 11,822 shares of the company’s stock on Thursday, August 8. The shares were sold at an average price of $1.54, for a total transaction of $18,205.88. Following the sale, the insider now directly owns 190,719 shares of the company’s stock, valued at approximately $293,707.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Nine Energy Service shares lose 0.7%

NYSE NINE shares traded $0.01 lower on Friday, reaching $1.40. 243,357 shares of the company traded hands, compared to an average volume of 644,649. The company’s 50-day moving average is $1.65 and its 200-day moving average is $2.02. Nine Energy Service, Inc. has a 12-month low of $1.35 and a 12-month high of $5.30. The company has a market cap of $49.46 million, a price-to-earnings ratio of -1.39 and a beta of 3.42.

Institutional inflows and outflows

A number of institutional investors and hedge funds have recently added to or reduced their holdings of the stock. Quadrature Capital Ltd acquired a new stake in Nine Energy Service in the fourth quarter valued at $62,000. Gendell Jeffrey L increased its position in shares of Nine Energy Service by 6.7% in the fourth quarter. Gendell Jeffrey L now owns 3,313,322 shares of the company’s stock valued at $8,880,000 after acquiring an additional 209,407 shares in the last quarter. CastleKnight Management LP acquired a new position in Nine Energy Service in the fourth quarter valued at about $657,000. Virtu Financial LLC increased its position 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 acquiring an additional 45,611 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in 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. Institutional investors own 57.61% of the company’s stock.

Company profile of Nine Energy Service

(Get free report)

Nine Energy Service, Inc. is an onshore completions services provider focused on developing unconventional oil and gas plays in North American basins and around the world. The company provides cementing services, including mixing high-quality cement and water with various solid and liquid additives to produce a cement slurry that is pumped between the well casing and the wellbore.

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