Traders sold shares of National Energy Services (NASDAQ:NESR) on strength during trading on Thursday. $0.42 million flowed into the stock on the tick-up and $20.35 million flowed out of the stock on the tick-down, for a money net flow of $19.93 million out of the stock. Of all companies tracked, National Energy Services had the 28th highest net out-flow for the day. National Energy Services traded up $0.06 for the day and closed at $10.13
In other National Energy Services news, Director Thomas D. Wood purchased 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were acquired at an average price of $10.08 per share, for a total transaction of $55,440.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Several large investors have recently added to or reduced their stakes in the stock. HGC Investment Management Inc. lifted its stake in shares of National Energy Services by 3.2% in the fourth quarter. HGC Investment Management Inc. now owns 173,100 shares of the company’s stock worth $1,722,000 after acquiring an additional 5,400 shares in the last quarter. Crystal Rock Capital Management lifted its stake in shares of National Energy Services by 4.1% in the first quarter. Crystal Rock Capital Management now owns 230,000 shares of the company’s stock worth $2,284,000 after acquiring an additional 9,000 shares in the last quarter. Highland Capital Management LP acquired a new position in shares of National Energy Services in the fourth quarter worth about $103,000. Virtu Financial LLC acquired a new position in shares of National Energy Services in the fourth quarter worth about $161,000. Finally, Wolverine Asset Management LLC lifted its stake in shares of National Energy Services by 227.3% in the fourth quarter. Wolverine Asset Management LLC now owns 36,000 shares of the company’s stock worth $358,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 40.24% of the company’s stock.
About National Energy Services
National Energy Services Reunited Corp. intends to engage in merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. The company was founded in 2017 and is headquartered in Houston, Texas.
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