Aegis Financial Corporation and Scott L. Barbee filed Amendment No. 2 to a Schedule 13G with the SEC on November 13, 2026, disclosing a combined beneficial ownership position in Natural Gas Services Group, Inc. common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: 581,404 shares of Natural Gas Services Group, Inc. common stock are reported as beneficially owned by both Aegis Financial Corporation and Scott L. Barbee.
  • Percent of class: The 581,404 shares represent 4.51% of the outstanding common stock, as disclosed in the filing.
  • Shared voting and dispositive power: Both reporting persons report 0 shares with sole voting or sole dispositive power; all 581,404 shares carry shared voting power and shared dispositive power.
  • Triggering event date: The date of the event requiring this filing is stated as September 30, 2026.
  • Nature of ownership: According to the filing, Aegis Financial Corporation holds the shares by virtue of investment discretion and/or voting authority granted by certain clients, while Barbee's reported ownership arises from his control of Aegis Financial Corporation.
  • Beneficial ownership disclaimer: The filing states that "Mr. Barbee disclaims beneficial ownership of any shares reported on the Schedule."

Aegis Financial and Barbee Disclose Sub-5% Position in Natural Gas Services Group

Aegis Financial Corporation, a registered investment adviser incorporated in Delaware, and Scott L. Barbee, a United States citizen, jointly filed Amendment No. 2 to a Schedule 13G on November 13, 2026, covering common stock of Natural Gas Services Group, Inc. (CUSIP 63886Q109). The issuer's principal executive offices are listed at 601 State Street, Suite 400, Southlake, TX 76092, while the filers' address is 6862 Elm Street, Suite 830, McLean, VA 22101.

According to the filing, 581,404 shares may be deemed beneficially owned by Aegis Financial Corporation by virtue of its investment discretion and/or voting authority granted by certain clients, and by Scott L. Barbee by virtue of his control of Aegis Financial Corporation. The filing identifies Aegis Financial Corporation as an investment adviser (Type: IA) and Barbee as an individual (Type: IN). Neither reporting person holds any sole voting or sole dispositive power over the shares; all voting and dispositive authority is classified as shared.

The filing also discloses that the clients of Aegis Financial Corporation, including one investment company registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or direct the receipt of dividends and sale proceeds from the shares. The filing adds that, to the best of Aegis Financial Corporation's knowledge, no single account owns more than 5% of the outstanding stock. Item 5 of the filing confirms ownership of 5 percent or less of the class.

What Was Disclosed

Aegis Financial Corporation and Scott L. Barbee disclosed, via Amendment No. 2 to a Schedule 13G filed November 13, 2026, that they beneficially own 581,404 shares, or 4.51%, of Natural Gas Services Group, Inc. common stock as of September 30, 2026, all on a shared voting and dispositive basis.