Dockside LLC Makes New Investment in Expro Group Holdings N.V. $XPRO

Dockside LLC bought a new position in Expro Group Holdings N.V. (NYSE:XPRO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 122,872 shares of the company’s stock, valued at approximately $1,640,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in Expro Group in the 4th quarter worth approximately $51,000. Quadrant Capital Group LLC grew its stake in Expro Group by 2,978.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,941 shares of the company’s stock worth $53,000 after acquiring an additional 3,813 shares during the period. US Bancorp DE grew its stake in Expro Group by 8.6% in the 3rd quarter. US Bancorp DE now owns 10,062 shares of the company’s stock worth $120,000 after acquiring an additional 799 shares during the period. PNC Financial Services Group Inc. grew its stake in Expro Group by 773.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,285 shares of the company’s stock worth $122,000 after acquiring an additional 9,107 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Expro Group during the 4th quarter valued at $139,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expro Group

In related news, Director Eileen Goss Whelley sold 6,168 shares of Expro Group stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director owned 47,648 shares in the company, valued at approximately $721,390.72. The trade was a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.80% of the company’s stock.

Expro Group Stock Performance

NYSE:XPRO opened at $16.47 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.76 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 51.46 and a beta of 0.89. The firm’s fifty day simple moving average is $16.37 and its 200 day simple moving average is $15.88. Expro Group Holdings N.V. has a twelve month low of $8.20 and a twelve month high of $18.73.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Freedom Capital raised shares of Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Piper Sandler boosted their price objective on shares of Expro Group from $13.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group set a $19.00 price objective on shares of Expro Group in a research note on Thursday, June 4th. Weiss Ratings cut shares of Expro Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Barclays boosted their price objective on shares of Expro Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Expro Group currently has a consensus rating of “Hold” and an average price target of $19.33.

Expro Group Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.