William Monroe Buys 260,000 Shares of Nine Energy Service, Inc. (NYSE:NINE) Stock

Nine Energy Service, Inc. (NYSE:NINE) major shareholder William Monroe purchased 260,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of $1.24 per share, for a total transaction of $322,400.00. Following the completion of the purchase, the insider now directly owns 4,860,000 shares in the company, valued at $6,026,400. This represents a 5.65 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

William Monroe also recently made the following trade(s):

• On Tuesday, November 19th, William Monroe bought 435,000 shares of Nine Energy Service stock. The stock was bought at an average price of $1.19 per share, with a total value of $517,650.00.

Nine Energy Service Price Performance

Shares of NYSE:NINE opened at $1.45 on Friday. The company has a market cap of $61.42 million, a price-to-earnings ratio of -1.21 and a beta of 3.31. Nine Energy Service, Inc. has a one year low of $0.75 and a one year high of $3.26. The firm has a fifty day moving average price of $1.15 and a two-hundred day moving average price of $1.42.

Institutional Trading of Nine Energy Service

Several institutional investors and hedge funds have recently modified their holdings of NINE. Jaffetilchin Investment Partners LLC increased its position in shares of Nine Energy Service by 89.8% in the second 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 during the last quarter. Virtu Financial LLC increased its holdings in shares of Nine Energy Service by 352.9% in the 1st quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock worth $131,000 after buying an additional 45,611 shares during the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of Nine Energy Service in the 2nd quarter worth $34,000. XTX Topco Ltd bought a new stake in shares of Nine Energy Service during the 2nd quarter worth $32,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Nine Energy Service in the second quarter worth $31,000. Hedge funds and other institutional investors own 57.61% 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.