Penn Capital Management Company LLC Raises Holdings in DNOW Inc. $DNOW

Penn Capital Management Company LLC raised its stake in DNOW Inc. (NYSE:DNOW) by 15.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,196,075 shares of the oil and gas company’s stock after purchasing an additional 160,560 shares during the period. DNOW comprises 1.4% of Penn Capital Management Company LLC’s investment portfolio, making the stock its 15th biggest position. Penn Capital Management Company LLC’s holdings in DNOW were worth $18,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in DNOW. PNC Financial Services Group Inc. grew its position in shares of DNOW by 14.7% during the third quarter. PNC Financial Services Group Inc. now owns 7,299 shares of the oil and gas company’s stock worth $111,000 after buying an additional 937 shares in the last quarter. Amalgamated Bank raised its holdings in DNOW by 3.4% in the third quarter. Amalgamated Bank now owns 31,215 shares of the oil and gas company’s stock valued at $476,000 after acquiring an additional 1,040 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in DNOW by 1.7% in the third quarter. Sequoia Financial Advisors LLC now owns 82,817 shares of the oil and gas company’s stock worth $1,263,000 after acquiring an additional 1,392 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in DNOW by 190.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,423 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 1,589 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in DNOW by 7.0% during the 2nd quarter. Quantinno Capital Management LP now owns 24,858 shares of the oil and gas company’s stock worth $369,000 after acquiring an additional 1,634 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

DNOW News Roundup

Here are the key news stories impacting DNOW this week:

• Neutral Sentiment: Media comparison highlights DNOW vs. peers — 247WallSt contrasts DNOW with Fastenal, underscoring a sharp difference in recent results and arguing Fastenal is the stronger distributor pick, which frames DNOW as the weaker choice for capital allocation. FAST vs DNOW
• Neutral Sentiment: Investment write‑up compares DNOW with other industrial names (Middleby), offering analysis rather than new company‑specific catalysts — useful for investors evaluating relative valuation but not an immediate company catalyst. Analyzing MIDD and DNOW
• Negative Sentiment: Rosen Law Firm is investigating potential securities claims against DNOW, alleging materially misleading disclosures — added litigation risk that can pressure the stock and increase legal overhang. Rosen Law Firm Notice
• Negative Sentiment: Business Wire report: Law Offices of Howard G. Smith continues an investigation into DNOW on behalf of investors — another firm soliciting plaintiffs increases the perception of mounting legal exposure. Howard G. Smith Notice
• Negative Sentiment: Law Offices of Frank R. Cruz also announced an investigation tied to DNOW’s Feb. 20 earnings release — adds to cumulative legal headlines that can deter investors until clarity emerges. Frank R. Cruz Notice
• Negative Sentiment: Glancy Prongay Wolke & Rotter LLP and other firms (TMCNet postings, Caledonian Record) are soliciting DNOW investors — the volume of notices increases headline risk and may sustain downside pressure until investigations resolve. Glancy Notice
• Negative Sentiment: Additional local and national law firm notices continue to circulate (multiple press releases), reinforcing investor concern about disclosure practices tied to the Feb. 20 results. Caledonian Record

Wall Street Analysts Forecast Growth

DNOW has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of DNOW from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. KeyCorp set a $19.00 target price on shares of DNOW in a research note on Thursday, December 18th. Susquehanna raised DNOW from a “neutral” rating to a “positive” rating and set a $16.00 target price on the stock in a report on Friday, November 21st. Zacks Research cut DNOW from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded DNOW from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.00.

DNOW Stock Down 0.8%

DNOW stock opened at $11.12 on Wednesday. The stock has a market cap of $1.17 billion, a P/E ratio of -38.33 and a beta of 0.80. The company has a current ratio of 2.34, a quick ratio of 1.11 and a debt-to-equity ratio of 0.18. DNOW Inc. has a twelve month low of $10.94 and a twelve month high of $17.48. The company’s 50 day moving average is $13.94 and its two-hundred day moving average is $14.21.

DNOW (NYSE:DNOW) last issued its earnings results on Friday, February 20th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $959.00 million during the quarter, compared to analysts’ expectations of $969.50 million. DNOW had a negative net margin of 2.66% and a positive return on equity of 7.26%. The company’s revenue for the quarter was up 68.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 EPS. Research analysts expect that DNOW Inc. will post 0.86 earnings per share for the current fiscal year.

About DNOW

DistributionNOW (NYSE: DNOW) is a global distributor of energy and industrial products, serving a broad range of end-markets including oil and gas, petrochemical, power generation, and industrial manufacturing. Headquartered in Houston, Texas, the company provides solutions across the life cycle of energy and industrial assets, with an emphasis on safety, reliability and operational efficiency.

The company’s core product portfolio includes piping systems and related components (such as valves, fittings, flanges and gaskets), instrumentation, electrical and automation equipment, fasteners, industrial safety supplies, chemicals and composite products.