Inspire Advisors LLC Invests $430,000 in NCS Multistage Holdings, Inc. $NCSM

Inspire Advisors LLC acquired a new stake in NCS Multistage Holdings, Inc. (NASDAQ:NCSM) during the second quarter, according to its most recent filing with the SEC. The firm acquired 14,570 shares of the company’s stock, valued at approximately $430,000. Inspire Advisors LLC owned about 0.57% of NCS Multistage at the end of the most recent reporting period.

Separately, Empowered Funds LLC boosted its holdings in shares of NCS Multistage by 7.3% in the first quarter. Empowered Funds LLC now owns 21,489 shares of the company’s stock valued at $752,000 after acquiring an additional 1,455 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

NCS Multistage Trading Down 0.4%

Shares of NCSM stock opened at $36.37 on Thursday. NCS Multistage Holdings, Inc. has a fifty-two week low of $20.00 and a fifty-two week high of $53.69. The company has a quick ratio of 2.83, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $42.88 and a 200-day simple moving average of $36.29. The stock has a market cap of $92.42 million, a P/E ratio of 8.01 and a beta of 0.79.

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

Insider Activity at NCS Multistage

In other news, Director Robert Nipper sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director directly owned 33,455 shares of the company’s stock, valued at $1,338,200. This trade represents a 2.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.00% of the stock is owned by corporate insiders.

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.