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

Nine Energy Service, Inc. (NYSE:NINE) major shareholder William Monroe acquired 435,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $1.19 per share, with a total value of $517,650.00. Following the completion of the acquisition, the insider now directly owns 4,335,000 shares of the company’s stock, valued at approximately $5,158,650. This represents a 11.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own more than 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 Thursday, November 21st, William Monroe bought 260,000 shares of Nine Energy Service stock. The shares were purchased at an average cost of $1.24 per share, for a total transaction of $322,400.00.

Nine Energy Service Stock Performance

Shares of NYSE NINE opened at $1.45 on Friday. Nine Energy Service, Inc. has a 1 year low of $0.75 and a 1 year high of $3.26. The stock has a fifty day moving average price of $1.15 and a two-hundred day moving average price of $1.42. The firm has a market cap of $61.42 million, a P/E ratio of -1.21 and a beta of 3.31.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NINE. Vanguard Personalized Indexing Management LLC acquired a new stake in Nine Energy Service in the 2nd quarter valued at about $31,000. XTX Topco Ltd acquired a new stake in Nine Energy Service during the second quarter valued at approximately $32,000. Great Valley Advisor Group Inc. acquired a new stake in Nine Energy Service during the second quarter valued at approximately $34,000. Virtu Financial LLC boosted its holdings 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 in the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its position 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 buying an additional 27,767 shares during the last quarter. 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.