Occudo Quantitative Strategies LP Acquires Shares of 13,749 Mammoth Energy Services, Inc. (NASDAQ:TUSK)

Occudo Quantitative Strategies LP acquired a new stake in Mammoth Energy Services, Inc. (NASDAQ:TUSK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,749 shares of the energy company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rangeley Capital LLC acquired a new position in shares of Mammoth Energy Services during the 4th quarter worth about $1,297,000. Royce & Associates LP raised its position in shares of Mammoth Energy Services by 7.3% during the 4th quarter. Royce & Associates LP now owns 1,449,922 shares of the energy company’s stock worth $4,350,000 after purchasing an additional 98,698 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mammoth Energy Services by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 991,223 shares of the energy company’s stock worth $2,973,000 after purchasing an additional 98,295 shares during the last quarter. Empowered Funds LLC raised its position in shares of Mammoth Energy Services by 76.3% during the 4th quarter. Empowered Funds LLC now owns 146,574 shares of the energy company’s stock worth $440,000 after purchasing an additional 63,417 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Mammoth Energy Services by 14.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 460,274 shares of the energy company’s stock worth $1,381,000 after purchasing an additional 57,017 shares during the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.

Mammoth Energy Services Stock Performance

NASDAQ:TUSK opened at $2.46 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 2.13. The firm has a market capitalization of $118.39 million, a price-to-earnings ratio of -0.60 and a beta of 1.48. The company’s 50-day moving average is $2.33 and its two-hundred day moving average is $2.78. Mammoth Energy Services, Inc. has a 1-year low of $1.68 and a 1-year high of $4.94.

Mammoth Energy Services (NASDAQ:TUSK) last posted its earnings results on Wednesday, May 7th. The energy company reported ($0.01) earnings per share for the quarter. The firm had revenue of $62.47 million during the quarter. Mammoth Energy Services had a negative net margin of 105.49% and a negative return on equity of 53.85%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Mammoth Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 8th.

Mammoth Energy Services Profile

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.