William Monroe Acquires 435,000 Shares of Nine Energy Service, Inc. (NYSE:NINE) Stock

Nine Energy Service, Inc. (NYSE:NINE) major shareholder William Monroe bought 435,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average price of $1.19 per share, for a total transaction of $517,650.00. Following the acquisition, the insider now directly owns 4,335,000 shares of the company’s stock, valued at approximately $5,158,650. The trade was a 11.15 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, November 21st, William Monroe bought 260,000 shares of Nine Energy Service stock. The stock was purchased at an average price of $1.24 per share, for a total transaction of $322,400.00.

Nine Energy Service Stock Performance

Shares of Nine Energy Service stock opened at $1.45 on Monday. Nine Energy Service, Inc. has a 52-week low of $0.75 and a 52-week high of $3.26. The stock has a market capitalization of $61.42 million, a price-to-earnings ratio of -1.21 and a beta of 3.31. The company’s 50 day moving average price is $1.15 and its 200-day moving average price is $1.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC bought a new position in shares of Nine Energy Service in the second quarter worth approximately $31,000. XTX Topco Ltd purchased a new stake in Nine Energy Service in the second quarter worth $32,000. Great Valley Advisor Group Inc. purchased a new stake in Nine Energy Service in the second quarter worth $34,000. Virtu Financial LLC lifted its stake in Nine Energy Service by 352.9% in the first quarter. Virtu Financial LLC now owns 58,535 shares of the company’s stock worth $131,000 after acquiring an additional 45,611 shares during the period. Finally, Jaffetilchin Investment Partners LLC lifted its stake in Nine Energy Service by 86.8% in the first quarter. Jaffetilchin Investment Partners LLC now owns 59,767 shares of the company’s stock worth $134,000 after acquiring an additional 27,767 shares during the period. Institutional investors own 57.61% of the company’s stock.

About Nine Energy Service

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.