Aegis Financial Discloses 854,690 Share Stake in Natural Gas Services Group

TL;DR

**Aegis Financial just revealed a big stake in Natural Gas Services Group, signaling institutional confidence.**

AI Summary

Aegis Financial Corporation, a Delaware-based investment firm, reported beneficial ownership of 854,690 shares of Natural Gas Services Group, Inc. common stock as of December 31, 2023. This represents a significant stake, giving Aegis shared voting power over these shares. This matters to investors because a large institutional holder like Aegis taking a substantial position can signal confidence in the company's future, potentially influencing other investors and the stock price.

Why It Matters

This filing reveals a major institutional investor's significant stake, which can be seen as a vote of confidence and may attract further investor interest in Natural Gas Services Group, Inc.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, generally viewed as a positive signal rather than a risk.

Analyst Insight

A smart investor would research Natural Gas Services Group, Inc. to understand why Aegis Financial Corporation took such a significant stake, potentially indicating an undervalued opportunity or strong future prospects.

Key Numbers

• 854,690 — Shares Beneficially Owned (Number of shares of Natural Gas Services Group, Inc. common stock Aegis Financial Corporation has shared voting power over.)
• December 31, 2023 — Date of Event (The date as of which Aegis Financial Corporation's beneficial ownership was determined for this filing.)
• 63886Q109 — CUSIP Number (Unique identification number for Natural Gas Services Group, Inc. common stock.)
• 54-1712996 — IRS Identification No. (IRS number for Aegis Financial Corporation.)

Key Players & Entities

• Aegis Financial Corporation (company) — reporting person and beneficial owner
• Natural Gas Services Group, Inc. (company) — issuer of the securities
• Scott L. Barbee (person) — group member
• 01 Energy & Transportation (company) — group member
• Delaware (company) — state of incorporation for Aegis Financial Corporation

Forward-Looking Statements

• Other institutional investors may increase their positions in Natural Gas Services Group, Inc. (Natural Gas Services Group, Inc.) — medium confidence, target: Within 6 months
• The stock price of Natural Gas Services Group, Inc. will experience increased volatility. (Natural Gas Services Group, Inc.) — low confidence, target: Within 3 months

FAQ

Filing Documents

• tm244987d1_sc13g.htm (SC 13G) — 61KB
• 0001104659-24-011902.txt ( ) — 62KB

From the Filing

SC 13G 1 tm244987d1_sc13g.htm SC 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Natural Gas Services Group, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 63886Q109 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise CUSIP No. 63886Q109 1. Names of Reporting Persons I.R.S. Identification No. of Above Persons (Entities Only) Aegis Financial Corporation 54-1712996 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 854,695 7. Sole Dispositive Power 0 8. Shared Dispositive Power 854,695 9. Aggregate Amount Beneficially Owned by Each Reporting Person 854,695 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 6.9% 12. Type of Reporting Person (See Instructions) IA 2 CUSIP No. 63886Q109 1. Names of Reporting Persons I.R.S. Identification No. of Above Persons (Entities Only) Scott L. Barbee 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization United States Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 854,695 7. Sole Dispositive Power 0 8. Shared Dispositive Power 854,695 9. Aggregate Amount Beneficially Owned by Each Reporting Person 854,695 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 6.9% 12. Type of Reporting Person (See Instructions) IN 3 Item 1. (a) Name of Issuer Natural Gas Services Group, Inc. (b) Address of Issuer’s Principal Executive Offices 404 Veterans Airpark Lane, Suite 300, Midland, Texas 79705 Item 2. (a) Name of Person Filing (i) Aegis Financial Corporation ("AFC") (ii) Scott L. Barbee ("Barbee") (b) Address of Principal Business Office or, if none, Residence 6862 Elm Street, Suite 830 McLean, Virginia 22101 (c) Citizenship (i) AFC: Delaware (ii) Barbee: United States (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 63886Q109 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________ 4 Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 854,695 shares may be deemed beneficially owned within the meaning of Rule 13d-3 of the Act by (1) Aegis Financial Corporation by virtue of its investment discretion and/or voting authority granted by certain clients; and (2) Scott L. Barbee by virtue of his control of Aegis Fina

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