14,570 Shares in NCS Multistage Holdings, Inc. $NCSM Purchased by Inspire Advisors LLC

Inspire Advisors LLC bought a new stake in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 14,570 shares of the company’s stock, valued at approximately $430,000.

Separately, Empowered Funds LLC boosted its stake in shares of NCS Multistage by 7.3% during the 1st 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. 70.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NCS Multistage news, Director Robert Nipper sold 3,147 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $40.00, for a total transaction of $125,880.00. Following the completion of the sale, the director directly owned 88,596 shares in the company, valued at $3,543,840. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.00% of the stock is currently owned by company insiders.

NCS Multistage Stock Performance

Shares of NASDAQ:NCSM opened at $36.37 on Thursday. The business has a 50-day moving average of $42.88 and a two-hundred day moving average of $36.29. The firm has a market capitalization of $92.42 million, a PE ratio of 8.01 and a beta of 0.79. 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 released its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.20. The business 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%.

Analysts Set New Price Targets

NCSM has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of NCS Multistage in a research report on Monday. Wall Street Zen lowered shares of NCS Multistage from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Singular Research upgraded NCS Multistage to a “strong-buy” rating in a report on Tuesday, November 11th. Finally, Zacks Research lowered NCS Multistage from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

NCS Multistage Company Profile

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.