Summit Global Investments acquired a new stake in National Energy Services Reunited Corp. (NASDAQ:NESR – Get Rating) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,300 shares of the company's stock, valued at approximately $429,000. Summit Global Investments owned about 0.07% of National Energy Services Reunited as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NESR. Quantbot Technologies LP lifted its stake in shares of National Energy Services Reunited by 48.0% in the 1st quarter. Quantbot Technologies LP now owns 5,772 shares of the company's stock valued at $48,000 after purchasing an additional 1,872 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in National Energy Services Reunited by 80.8% during the first quarter. First Eagle Investment Management LLC now owns 9,513 shares of the company's stock worth $80,000 after buying an additional 4,250 shares during the period. Virtu Financial LLC acquired a new stake in shares of National Energy Services Reunited during the first quarter valued at about $87,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of National Energy Services Reunited in the 2nd quarter valued at approximately $73,000. Finally, Ethic Inc. acquired a new position in shares of National Energy Services Reunited in the 1st quarter worth approximately $117,000. 39.75% of the stock is currently owned by hedge funds and other institutional investors.

National Energy Services Reunited Stock Performance

National Energy Services Reunited stock opened at $6.34 on Friday. National Energy Services Reunited Corp. has a fifty-two week low of $5.64 and a fifty-two week high of $10.92. The firm has a 50 day moving average price of $6.65 and a 200 day moving average price of $6.76.

National Energy Services Reunited Profile

National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through two segments, Production Services; and Drilling and Evaluation Services. The Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems.

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