Paloma Partners Management Co Invests $64,000 in NCS Multistage Holdings Inc (NASDAQ:NCSM)

Paloma Partners Management Co purchased a new stake in NCS Multistage Holdings Inc (NASDAQ:NCSM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,600 shares of the company’s stock, valued at approximately $64,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NCSM. Nisa Investment Advisors LLC purchased a new stake in shares of NCS Multistage in the fourth quarter worth approximately $63,000. Rhumbline Advisers bought a new position in shares of NCS Multistage in the fourth quarter worth $73,000. Viking Fund Management LLC boosted its holdings in shares of NCS Multistage by 550.0% in the fourth quarter. Viking Fund Management LLC now owns 65,000 shares of the company’s stock worth $331,000 after acquiring an additional 55,000 shares during the period. Gagnon Securities LLC boosted its holdings in shares of NCS Multistage by 127.2% in the fourth quarter. Gagnon Securities LLC now owns 66,294 shares of the company’s stock worth $337,000 after acquiring an additional 37,111 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in NCS Multistage by 99.0% during the fourth quarter. Bank of New York Mellon Corp now owns 96,822 shares of the company’s stock valued at $493,000 after buying an additional 48,171 shares during the period. Hedge funds and other institutional investors own 95.74% of the company’s stock.

NCSM traded down $0.20 during mid-day trading on Wednesday, reaching $4.50. 299,200 shares of the company traded hands, compared to its average volume of 107,882. The firm has a market cap of $214.68 million, a PE ratio of 22.50 and a beta of 2.14. The company has a current ratio of 4.47, a quick ratio of 3.19 and a debt-to-equity ratio of 0.13. NCS Multistage Holdings Inc has a 52-week low of $4.35 and a 52-week high of $18.87.

NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Thursday, March 7th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $50.19 million for the quarter, compared to analysts’ expectations of $49.89 million. NCS Multistage had a negative net margin of 83.85% and a positive return on equity of 2.68%. As a group, research analysts forecast that NCS Multistage Holdings Inc will post -0.1 EPS for the current fiscal year.

NCSM has been the subject of several research analyst reports. ValuEngine raised NCS Multistage from a “sell” rating to a “hold” rating in a research note on Sunday, March 17th. Wells Fargo & Co restated a “hold” rating on shares of NCS Multistage in a report on Sunday, January 6th. Citigroup cut their price objective on NCS Multistage from $6.50 to $5.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 12th. BidaskClub cut NCS Multistage from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, Zacks Investment Research raised NCS Multistage from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. NCS Multistage presently has a consensus rating of “Hold” and a consensus target price of $14.08.

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About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States, Canada, and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.

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Institutional Ownership by Quarter for NCS Multistage (NASDAQ:NCSM)

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