Invictus Rg buys $972,591 stake in NOW Inc (DNOW)

NOW Inc (DNOW) : Invictus Rg scooped up 13,623 additional shares in NOW Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 47,513 shares of NOW Inc which is valued at $972,591.NOW Inc makes up approximately 0.99% of Invictus Rg’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital reduced its stake in DNOW by selling 336,062 shares or 68.52% in the most recent quarter. The Hedge Fund company now holds 154,413 shares of DNOW which is valued at $3,160,834. NOW Inc makes up approx 0.01% of Guggenheim Capital’s portfolio. Sasco Capital Inc Ct added DNOW to its portfolio by purchasing 39,520 company shares during the most recent quarter which is valued at $808,974. NOW Inc makes up approx 0.02% of Sasco Capital Inc Ct’s portfolio.Texas Permanent School Fund reduced its stake in DNOW by selling 3,666 shares or 4.27% in the most recent quarter. The Hedge Fund company now holds 82,140 shares of DNOW which is valued at $1,681,406. NOW Inc makes up approx 0.02% of Texas Permanent School Fund’s portfolio.Ngam Advisors boosted its stake in DNOW in the latest quarter, The investment management firm added 7,742 additional shares and now holds a total of 101,012 shares of NOW Inc which is valued at $1,967,714. NOW Inc makes up approx 0.03% of Ngam Advisors’s portfolio.Clarkston Capital Partners boosted its stake in DNOW in the latest quarter, The investment management firm added 364,450 additional shares and now holds a total of 2,653,179 shares of NOW Inc which is valued at $50,145,083. NOW Inc makes up approx 2.51% of Clarkston Capital Partners’s portfolio.

NOW Inc closed down -0.29 points or -1.41% at $20.35 with 8,49,500 shares getting traded on Thursday. Post opening the session at $20.57, the shares hit an intraday low of $20.17 and an intraday high of $20.84 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, NOW Inc reported $-0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.46. The company had revenue of $501.00 million for the quarter, compared to analysts expectations of $458.37 million. The company’s revenue was down -33.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.16 EPS.

NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates through three segments: United States (U.S.) Canada and International. The Company operates primarily under the DistributionNOW and Wilson Export brands. Its energy product offering is needed throughout all sectors of the oil and gas industry from upstream drilling and completion exploration and production (E&P) midstream infrastructure development to downstream petroleum refining as well as in other industries. It also provides supply chain management to drilling contractors E&P operators midstream operators downstream energy and industrial manufacturing companies around the world. The Company’s global product offering includes consumable maintenance repair and operating (MRO) supplies pipe valves fittings flanges electrical artificial lift solutions mill tools safety supplies and spare parts to support customers’ operations.

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