KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Insider Geoffrey C. Stanford Sells 6,336 Shares

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) insider Geoffrey C. Stanford sold 6,336 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $3.75, for a total value of $23,760.00. Following the transaction, the insider now directly owns 28,836 shares of the company’s stock, valued at $108,135. The trade was a 18.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

KLX Energy Services Stock Down 7.0 %

Shares of KLX Energy Services stock opened at $3.56 on Friday. KLX Energy Services Holdings, Inc. has a 1 year low of $3.50 and a 1 year high of $8.13. The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08. The company has a 50-day moving average of $4.92 and a 200 day moving average of $5.18. The firm has a market cap of $61.95 million, a price-to-earnings ratio of -1.20 and a beta of 1.98.

Institutional Investors Weigh In On KLX Energy Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. bought a new position in KLX Energy Services in the fourth quarter valued at about $50,000. Virtu Financial LLC purchased a new stake in shares of KLX Energy Services during the 3rd quarter valued at about $77,000. SkyView Investment Advisors LLC lifted its stake in shares of KLX Energy Services by 20.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock worth $82,000 after purchasing an additional 2,500 shares during the period. Occudo Quantitative Strategies LP purchased a new position in shares of KLX Energy Services in the fourth quarter worth approximately $83,000. Finally, PEAK6 LLC bought a new stake in KLX Energy Services during the fourth quarter valued at approximately $98,000. Hedge funds and other institutional investors own 42.69% of the company’s stock.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.