Franklin Myers Buys 42,500 Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) Stock

NCS Multistage Holdings Inc (NASDAQ:NCSM) Director Franklin Myers purchased 42,500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $2.06 per share, for a total transaction of $87,550.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Franklin Myers also recently made the following trade(s):

  • On Monday, August 12th, Franklin Myers purchased 7,500 shares of NCS Multistage stock. The shares were bought at an average cost of $2.34 per share, for a total transaction of $17,550.00.
  • On Thursday, August 8th, Franklin Myers purchased 25,000 shares of NCS Multistage stock. The shares were bought at an average cost of $2.13 per share, for a total transaction of $53,250.00.
  • On Friday, May 24th, Franklin Myers purchased 40,000 shares of NCS Multistage stock. The shares were bought at an average cost of $2.57 per share, for a total transaction of $102,800.00.

NCSM stock traded down $0.01 during midday trading on Thursday, reaching $1.95. The company’s stock had a trading volume of 89,964 shares, compared to its average volume of 101,837. NCS Multistage Holdings Inc has a 52 week low of $1.56 and a 52 week high of $16.98. The stock has a market capitalization of $106.67 million, a PE ratio of 9.80 and a beta of 2.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.78 and a current ratio of 4.53. The stock’s 50-day moving average price is $2.96.



NCS Multistage (NASDAQ:NCSM) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. NCS Multistage had a negative net margin of 112.66% and a negative return on equity of 1.95%. The firm had revenue of $39.77 million for the quarter, compared to analysts’ expectations of $37.83 million. Analysts predict that NCS Multistage Holdings Inc will post -0.35 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in NCSM. Outlook Wealth Advisors LLC purchased a new position in shares of NCS Multistage in the second quarter worth $37,000. Citadel Advisors LLC increased its stake in shares of NCS Multistage by 123.1% in the second quarter. Citadel Advisors LLC now owns 102,655 shares of the company’s stock worth $364,000 after buying an additional 56,646 shares during the period. Balyasny Asset Management LLC increased its stake in shares of NCS Multistage by 122.9% in the second quarter. Balyasny Asset Management LLC now owns 254,395 shares of the company’s stock worth $903,000 after buying an additional 140,278 shares during the period. BlackRock Inc. increased its stake in shares of NCS Multistage by 16.9% in the second quarter. BlackRock Inc. now owns 683,328 shares of the company’s stock worth $2,425,000 after buying an additional 98,884 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of NCS Multistage by 9.9% in the second quarter. Parametric Portfolio Associates LLC now owns 150,182 shares of the company’s stock worth $533,000 after buying an additional 13,537 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on NCSM shares. Royal Bank of Canada reissued a “sector perform” rating and set a $3.00 price target (down from $6.00) on shares of NCS Multistage in a research note on Wednesday, August 7th. Zacks Investment Research raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. ValuEngine raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Piper Jaffray Companies cut shares of NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 price target on the stock. in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.66.

NCS Multistage Company Profile

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States, Canada, and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.

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Insider Buying and Selling by Quarter for NCS Multistage (NASDAQ:NCSM)

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