Penbrook Management LLC Sells 12,000 Shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Penbrook Management LLC reduced its holdings in shares of Mammoth Energy Services, Inc. (NASDAQ:TUSK) by 15.6% during the first quarter, HoldingsChannel.com reports. The fund owned 64,900 shares of the energy company’s stock after selling 12,000 shares during the quarter. Penbrook Management LLC’s holdings in Mammoth Energy Services were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TUSK. SG Americas Securities LLC raised its stake in shares of Mammoth Energy Services by 26.5% in the fourth quarter. SG Americas Securities LLC now owns 12,699 shares of the energy company’s stock valued at $57,000 after buying an additional 2,663 shares during the period. Archer Investment Corp raised its stake in shares of Mammoth Energy Services by 25.1% in the fourth quarter. Archer Investment Corp now owns 21,400 shares of the energy company’s stock valued at $95,000 after buying an additional 4,300 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Mammoth Energy Services by 56.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 57,096 shares of the energy company’s stock valued at $265,000 after buying an additional 20,505 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Mammoth Energy Services by 12.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 3,700,000 shares of the energy company’s stock valued at $17,168,000 after buying an additional 400,000 shares during the period. 79.67% of the stock is currently owned by institutional investors.

Mammoth Energy Services Stock Performance

Shares of NASDAQ:TUSK traded down $0.06 during midday trading on Tuesday, reaching $3.20. 31,191 shares of the company traded hands, compared to its average volume of 59,347. The company has a quick ratio of 3.41, a current ratio of 3.52 and a debt-to-equity ratio of 0.10. Mammoth Energy Services, Inc. has a 12 month low of $2.94 and a 12 month high of $5.75. The firm has a market capitalization of $154.02 million, a price-to-earnings ratio of -6.69 and a beta of 1.76. The firm’s fifty day moving average price is $3.42 and its two-hundred day moving average price is $3.68.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Thursday, May 2nd. The energy company reported ($0.25) EPS for the quarter. Mammoth Energy Services had a negative return on equity of 4.68% and a negative net margin of 9.87%. The business had revenue of $43.19 million for the quarter.

About Mammoth Energy Services

Mammoth Energy Services, Inc operates as an energy services company in the United States, Canada, and internationally. The company operates in four segments: Well Completion Services, Infrastructure Services, Natural Sand Proppant Services, and Drilling Services. The company offers pressure pumping and hydraulic fracturing, sand hauling, and water transfer services; and master services agreements.