Boothbay Fund Management LLC Takes $1.85 Million Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Boothbay Fund Management LLC acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 45,179 shares of the company’s stock, valued at approximately $1,845,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of Kodiak Gas Services by 94.7% in 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 during the period. B. Riley Wealth Advisors Inc. grew its position in Kodiak Gas Services by 3.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock valued at $371,000 after acquiring an additional 405 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in Kodiak Gas Services by 1.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock valued at $1,323,000 after acquiring an additional 500 shares during the period. Amalgamated Bank grew its position in Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after acquiring an additional 588 shares during the period. Finally, Sterling Capital Management LLC grew its position in Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock valued at $31,000 after acquiring an additional 701 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Barclays lowered their price target on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Truist Financial boosted their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Finally, Mizuho boosted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus price target of $41.45.

Kodiak Gas Services Trading Up 1.5 %

NYSE:KGS opened at $35.41 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43. The business’s 50-day simple moving average is $36.54 and its 200 day simple moving average is $39.04. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 122.11 and a beta of 1.52.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing the consensus estimate 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 business had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. As a group, sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a $0.45 dividend. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 5.08%. Kodiak Gas Services’s payout ratio is 305.08%.

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.