Nine Energy Service, Inc. (NYSE:NINE - Get Free Report) insider Guy Sirkes sold 35,380 shares of Nine Energy Service stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1.67, for a total value of $59,084.60. Following the completion of the sale, the insider now directly owns 156,966 shares in the company, valued at $262,133.22. This represents a 18.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nine Energy Service Price Performance
NYSE NINE opened at $1.54 on Thursday. The stock's fifty day moving average is $1.22 and its two-hundred day moving average is $1.40. Nine Energy Service, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $3.26.
Hedge Funds Weigh In On Nine Energy Service
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jaffetilchin Investment Partners LLC boosted its stake in Nine Energy Service by 89.8% during the second quarter. Jaffetilchin Investment Partners LLC now owns 113,424 shares of the company's stock worth $191,000 after buying an additional 53,657 shares during the last quarter. Virtu Financial LLC boosted its stake in Nine Energy Service by 352.9% during the first 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. acquired a new position in Nine Energy Service during the second quarter worth $34,000. XTX Topco Ltd acquired a new position in Nine Energy Service during the second quarter worth $32,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Nine Energy Service during the second quarter worth $31,000. Institutional investors and hedge funds own 57.61% of the company's stock.
About Nine Energy Service
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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.
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