Robert Nipper Sells 3,147 Shares of NCS Multistage (NASDAQ:NCSM) Stock

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Director Robert Nipper sold 3,147 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $40.00, for a total value of $125,880.00. Following the completion of the sale, the director owned 88,596 shares in the company, valued at approximately $3,543,840. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Robert Nipper also recently made the following trade(s):

• On Wednesday, November 5th, Robert Nipper sold 1,000 shares of NCS Multistage stock. The shares were sold at an average price of $40.00, for a total value of $40,000.00.

NCS Multistage Stock Performance

NASDAQ:NCSM opened at $38.82 on Thursday. The firm has a market capitalization of $98.64 million, a PE ratio of 8.55 and a beta of 0.75. The business’s fifty day moving average price is $44.07 and its 200 day moving average price is $35.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 2.83. NCS Multistage Holdings, Inc. has a 12 month low of $20.00 and a 12 month high of $53.69.

NCS Multistage (NASDAQ:NCSM) last posted its earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.17 by $0.20. The firm had revenue of $46.54 million for the quarter, compared to analyst estimates of $46.10 million. NCS Multistage had a return on equity of 12.27% and a net margin of 6.89%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NCSM shares. Zacks Research lowered NCS Multistage from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of NCS Multistage in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On NCS Multistage

Several hedge funds have recently made changes to their positions in the company. Bailard Inc. grew its holdings in shares of NCS Multistage by 26.1% during the third quarter. Bailard Inc. now owns 8,687 shares of the company’s stock worth $444,000 after purchasing an additional 1,800 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of NCS Multistage by 3,774.4% during the second quarter. NewEdge Advisors LLC now owns 8,175 shares of the company’s stock worth $241,000 after purchasing an additional 7,964 shares during the last quarter. Inspire Advisors LLC purchased a new position in shares of NCS Multistage during the second quarter worth about $430,000. Finally, Empowered Funds LLC grew its holdings in shares of NCS Multistage by 7.3% during the first quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock worth $752,000 after purchasing an additional 1,455 shares during the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.

About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves.