Empowered Funds LLC Buys into Natural Gas Services Group

A recent Form 13F filing shows that Empowered Funds LLC acquired a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) during the second quarter. The fund purchased 89,710 shares valued at approximately $3.87 million.

This is not an isolated instance; other hedge funds and institutional investors have also bought into NGS this year. Zions Bancorporation National Association UT acquired a new stake in the oil and gas company during the fourth quarter worth around $27,000. State of Wyoming and Legal & General Group Plc also purchased new positions in NGS.

According to MarketBeat, 65.62% of NGS is currently owned by hedge funds and other institutional investors. The company's stock price has a 12-month range of $25.53 to $44.60. The current market capitalization of Natural Gas Services Group stands at $454.08 million.

In related news, the company announced a quarterly dividend of $0.15 per share, paid on September 2nd for shareholders who own the stock by August 19th. This represents an annualized dividend yield of 1.7% and a payout ratio of 37.27%.