Dark Forest Capital Management LP Boosts Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Dark Forest Capital Management LP raised its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 142.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,905 shares of the company’s stock after acquiring an additional 37,600 shares during the quarter. Dark Forest Capital Management LP owned approximately 0.07% of Kodiak Gas Services worth $2,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock valued at $31,000 after buying an additional 701 shares in the last quarter. Amalgamated Bank grew its position in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after buying an additional 588 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Kodiak Gas Services during the 4th quarter worth approximately $49,000. Finally, Mendota Financial Group LLC purchased a new stake in Kodiak Gas Services during the fourth quarter valued at approximately $122,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

Kodiak Gas Services Trading Up 1.2 %

Shares of NYSE:KGS opened at $33.21 on Wednesday. The company has a market capitalization of $2.95 billion, a PE ratio of 114.53 and a beta of 1.52. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The business has a 50 day moving average of $37.43 and a two-hundred day moving average of $38.92. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The firm had revenue of $309.52 million for the quarter, compared to analysts’ expectations of $323.82 million. As a group, analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a $0.41 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.94%. Kodiak Gas Services’s dividend payout ratio is presently 277.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KGS shares. Barclays reduced their price target on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Citigroup increased their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Mizuho increased their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Truist Financial boosted their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.45.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.