Insider Buying: Nine Energy Service, Inc. (NYSE:NINE) Major Shareholder Buys $322,400.00 in Stock

Nine Energy Service, Inc. (NYSE:NINE) major shareholder William Monroe bought 260,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of $1.24 per share, for a total transaction of $322,400.00. Following the acquisition, the insider now directly owns 4,860,000 shares of the company’s stock, valued at approximately $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 through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

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

Nine Energy Service Stock Performance

Shares of Nine Energy Service stock opened at $1.45 on Monday. Nine Energy Service, Inc. has a twelve month low of $0.75 and a twelve month high of $3.26. The business has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.41.

Institutional Trading of Nine Energy Service

Large investors have recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC grew its holdings 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 valued at $191,000 after purchasing an additional 53,657 shares in the last quarter. Virtu Financial LLC grew its stake 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 in the last quarter. Great Valley Advisor Group Inc. bought a new stake in shares of Nine Energy Service in the 2nd quarter worth about $34,000. XTX Topco Ltd purchased a new stake in shares of Nine Energy Service during the 2nd quarter valued at about $32,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Nine Energy Service in the second quarter worth about $31,000. 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.