Is Natural Gas Services Group, Inc. (NYSE:NGS) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It’s not surprising given that hedge funds have access to better information and more resources to find the latest market-moving information.
Natural Gas Services Group, Inc. (NYSE:NGS) shares haven’t seen a lot of action during the third quarter. Overall, hedge fund sentiment was unchanged. The stock was in 9 hedge funds’ portfolios at the end of September. At the end of this article we will also compare NGS to other stocks including Immune Desing Corp (NASDAQ:IMDZ), Exactech, Inc. (NASDAQ:EXAC), and aTyr Pharma Inc. (NASDAQ:LIFE) to get a better sense of its popularity.
Keeping this in mind, we’re going to review the new action surrounding Natural Gas Services Group, Inc. (NYSE:NGS).
What have hedge funds been doing with Natural Gas Services Group, Inc. (NYSE:NGS)?
According to Insider Monkey’s hedge fund database, Matthew A. Weatherbie’s Weatherbie Capital has the number one position in Natural Gas Services Group, Inc. (NYSE:NGS), worth close to $10.2 million, amounting to 1.2% of its total 13F portfolio. Sitting at the No. 2 spot is Julian Allen of Spitfire Capital, with an $9.4 million position; the fund has 4% of its 13F portfolio invested in the stock. Some other professional money managers that hold long positions contain Chuck Royce’s Royce & Associates, Jim Simons’s Renaissance Technologies and Paul Hondros’s AlphaOne Capital Partners.