Mill Road Capital Amends Stake in Natural Gas Services Group
Ticker: NGS · Form: SC 13D/A · Filed: Nov 25, 2024 · CIK: 1084991
Sentiment: neutral
Topics: schedule-13d, amendment, activist-investor
Related Tickers: NGS
TL;DR
Mill Road Capital updated its filing for Natural Gas Services Group. Keep an eye on this one.
AI Summary
Mill Road Capital III, L.P., managed by Thomas E. Lynch, has amended its Schedule 13D filing regarding Natural Gas Services Group, Inc. as of November 25, 2024. The filing indicates a change in the beneficial ownership of the company's common stock. Specific details on the percentage of ownership or dollar amounts involved in this amendment are not explicitly stated in the provided text, but it signifies an ongoing relationship and potential strategic interest from Mill Road Capital.
Why It Matters
This amendment signals a potential shift in control or influence over Natural Gas Services Group, Inc., which could impact its strategic direction and shareholder value.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility or strategic changes in the target company.
Key Players & Entities
- Mill Road Capital III, L.P. (company) — Filing entity
- Thomas E. Lynch (person) — Manager of Mill Road Capital III, L.P.
- Natural Gas Services Group, Inc. (company) — Subject company
- Peter M. Rosenblum, Esq. (person) — Legal counsel for Mill Road Capital III, L.P.
FAQ
What is the specific change in beneficial ownership reported in this amendment?
The provided text does not specify the exact percentage or number of shares that constitute the change in beneficial ownership for this amendment.
What is the CUSIP number for Natural Gas Services Group, Inc. common stock?
The CUSIP number for Natural Gas Services Group, Inc. common stock is 63886Q109.
Who is the primary filer for this Schedule 13D/A amendment?
The primary filer is Mill Road Capital III, L.P.
When was this Schedule 13D/A filing made?
This filing was made on November 25, 2024.
What is the business address of Natural Gas Services Group, Inc.?
The business address of Natural Gas Services Group, Inc. is 404 Veterans Airpark Lane, Suite 300, Midland, TX 79705.
Filing Stats: 2,058 words · 8 min read · ~7 pages · Grade level 8.2 · Accepted 2024-11-25 21:19:57
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
- $8,181,681 — e of 829,808 shares of Common Stock for $8,181,681.78, using working capital from the Fund
Filing Documents
- d881735dsc13da.htm (SC 13D/A) — 76KB
- 0001193125-24-265366.txt ( ) — 77KB
Contracts, Arrangements, Understandings or Relationships with Respect
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The table below lists the standard American-style, exchange-traded call options ( Call Options ) sold by the Fund during the Reporting Period, all of which are outstanding as of November 25, 2024. Each of the below listed transactions was conducted in the ordinary course of business on the open market for cash, and the sale prices do not reflect brokerage commissions paid. CUSIP No. 63886Q109 Page 7 of 8 Pages Date of Sale Value per Underlying Share at which Call Options were Sold ($) Shares Underlying Call Options (100s) Call Options Strike Price per Share ($) Call Options Expiration Date 11/18/2024 $ 0.8530 150 $ 27.50 01/17/2025 11/19/2024 $ 0.9667 150 $ 27.50 01/17/2025 11/20/2024 $ 1.0500 200 $ 27.50 01/17/2025 11/21/2024 $ 0.8500 250 $ 27.50 12/20/2024 11/22/2024 $ 1.0500 200 $ 30.00 01/17/2025 11/25/2024 $ 1.1273 33 $ 27.50 12/20/2024 11/25/2024 $ 0.9158 653 $ 30.00 01/17/2025 Each of these Call Options gives the options counterparty the right (but not the obligation) to purchase from the Fund, on or before the options expiration date, the number of shares of Common Stock underlying the option, at a purchase price per share equal to the options strike price per share. If a Call Option is exercised on or before its expiration date, the Fund must deliver the shares of Common Stock underlying the option in exchange for the options aggregate exercise price. Except as otherwise described in this Schedule 13D, including the Exhibits attached hereto, there are no contracts, arrangements, understandings, or relationships (legal or otherwise) among the Reporting Persons, or between any Reporting Person(s) and any third party, with respect to any securities of the Issuer, including, but not limited to, those involving the transfer or voting of any of the securities, fin