SCHEDULE 13G/A: William Monroe Discloses 11.5% Stake in Nine Energy Service, Inc. via Amended Schedule 13G Filing
Beneficial Ownership Disclosure
William Monroe has filed an amended Schedule 13G, revealing a beneficial ownership of 11.5% of Nine Energy Service, Inc.'s common stock as of December 31, 2024.
Summary
- William Monroe reported beneficial ownership of 4,863,000 shares of Nine Energy Service, Inc. common stock.
- This stake represents 11.5% of the company's total outstanding common stock.
- The percentage is calculated based on 42,363,805 shares of the Issuer's common stock outstanding as of October 28, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q.
- Mr. Monroe holds sole voting power and sole dispositive power over all 4,863,000 shares.
- The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Nine Energy Service, Inc.
Sentiment
Score: 6
Explanation: The filing of a Schedule 13G is primarily a compliance disclosure and generally neutral. However, a significant individual stake of 11.5% can be interpreted as a slightly positive signal of investor confidence in the company's value.
Positives
- A significant individual investor, William Monroe, holds a substantial 11.5% stake in Nine Energy Service, Inc., which could be interpreted as a signal of confidence in the company's prospects.
Future Outlook
The document does not provide any forward-looking statements or guidance.
Industry Context
This filing indicates a significant individual investment in Nine Energy Service, Inc., a company operating in the energy services sector. Such a substantial stake by an individual investor could be viewed as a vote of confidence in the company's prospects within the broader oilfield services industry, which is subject to fluctuations in commodity prices and drilling activity.
Comparison to Industry Standards
- This document is a disclosure of beneficial ownership by an individual and does not contain information suitable for comparison to industry-specific operational or financial benchmarks of comparable companies or projects.
Stakeholder Impact
- Shareholders may view William Monroe's significant 11.5% stake as a positive indicator of confidence in the company's value and future performance.
Key Dates
| Date | Description |
|---|---|
| 2024-10-28 | Date as of which 42,363,805 shares of Nine Energy Service, Inc.'s common stock were reported outstanding in the Issuer's Quarterly Report on Form 10-Q. |
| 2024-12-31 | Date of event which requires filing of this statement, reflecting the number of securities held by the Reporting Person. |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
Nine Energy Service Inc., William Monroe, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Energy Services, Oilfield Services, Shareholder Stake
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