SCHEDULE 13D/A: Hoak Public Equities Exits Significant Stake in Natural Gas Services Group
Amendment to Schedule 13D
Hoak Public Equities and affiliated entities have reduced their beneficial ownership in Natural Gas Services Group Inc. below the 5% threshold, triggering an exit filing.
Summary
- Hoak Public Equities, LP, along with Hoak Fund Management, L.P., Hoak & Co., J. Hale Hoak, and James M. Hoak (collectively, the "Reporting Persons"), have filed an Amendment No. 5 to Schedule 13D.
- This filing serves as an exit filing, indicating that the Reporting Persons have ceased to be the beneficial owners of more than 5% of Natural Gas Services Group Inc.'s Common Stock.
- As of the filing date, the Reporting Persons collectively beneficially own 575,000 shares of Common Stock, representing approximately 4.57% of the outstanding shares.
- This calculation is based on 12,568,917 shares of Common Stock outstanding as of November 7, 2025, as disclosed in the Issuer's Form 10-Q filed on November 10, 2025.
- The cost basis for the 575,000 shares currently reported is $6,112,250.00, funded by working capital of Hoak Public Equities, LP.
- Transactions since the most recent Schedule 13D filed on January 7, 2026, include multiple sell transactions by Hoak Public Equities, L.P. between January 9, 2026, and January 26, 2026, at prices ranging from $34.01 to $35.03 per share.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of a change in beneficial ownership, without explicit positive or negative commentary on the issuer's performance or prospects. The reduction in stake by an institutional investor could be viewed neutrally or slightly negatively depending on market interpretation.
Negatives
- A significant institutional investor reducing its stake below the 5% threshold could be perceived negatively by the market, potentially signaling a lack of conviction or a strategic shift by that investor.
Future Outlook
The filing does not contain any forward-looking statements or guidance from Natural Gas Services Group Inc. or the Reporting Persons regarding the Issuer's future prospects.
Industry Context
This filing primarily concerns a change in institutional ownership and does not provide specific insights into broader industry trends within the natural gas services sector. It reflects a portfolio adjustment by a specific investment group.
Stakeholder Impact
- Shareholders: The reduction in a significant institutional stake could influence investor sentiment and potentially impact the company's stock price due to perceived loss of institutional support or a shift in investment thesis by the selling party.
Next Steps
- This Amendment No. 5 is stated to be the final amendment to the Original 13D and constitutes an exit filing for the Reporting Persons, implying no further Schedule 13D filings from these entities regarding this stake.
Key Dates
| Date | Description |
|---|---|
| 2022-11-28 | Original Schedule 13D filed with the SEC. |
| 2022-12-09 | Amendment No. 1 to Schedule 13D filed. |
| 2022-12-30 | Amendment No. 2 to Schedule 13D filed. |
| 2023-01-11 | Amendment No. 3 to Schedule 13D filed. |
| 2025-11-07 | Date of shares outstanding calculation (12,568,917 shares). |
| 2025-11-10 | Issuer's Form 10-Q filed, disclosing shares outstanding. |
| 2026-01-07 | Amendment No. 4 to Schedule 13D filed. |
| 2026-01-09 | First reported sell transaction by Hoak Public Equities, L.P. since the most recent Schedule 13D. |
| 2026-01-22 | Date of event which required the filing of this statement. |
| 2026-01-26 | Reporting Persons ceased to be the beneficial owner of more than 5% of the Common Stock; last reported sell transaction date; Joint Filing Agreement dated; filing date of Amendment No. 5. |
Keywords
Natural Gas Services Group Inc., Hoak Public Equities, Schedule 13D, beneficial ownership, exit filing, institutional investor, stock sale, equity stake
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