Enviri Co. (NYSE:NVRI) CEO F Nicholas Grasberger III Buys 25,000 Shares of Stock

Enviri Co. (NYSE:NVRI) CEO F Nicholas Grasberger III bought 25,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the transaction, the chief executive officer now directly owns 837,901 shares in the company, valued at $6,359,668.59. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Enviri Trading Up 4.5 %

Shares of NYSE:NVRI opened at $7.68 on Tuesday. Enviri Co. has a 1 year low of $5.64 and a 1 year high of $10.01. The firm has a market capitalization of $613.13 million, a price-to-earnings ratio of -6.51 and a beta of 2.10. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.36 and a quick ratio of 1.03. The business’s 50 day moving average price is $8.25 and its 200-day moving average price is $7.81.

Enviri (NYSE:NVRI) last announced its earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. The firm had revenue of $600.00 million for the quarter, compared to analyst estimates of $509.77 million. During the same quarter last year, the firm posted ($0.11) EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that Enviri Co. will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NVRI. PNC Financial Services Group Inc. acquired a new position in Enviri in the 4th quarter valued at $65,000. Tower Research Capital LLC TRC acquired a new position in Enviri in the 4th quarter valued at $87,000. Aigen Investment Management LP acquired a new position in Enviri in the 4th quarter valued at $92,000. SG Americas Securities LLC acquired a new position in Enviri in the 1st quarter valued at $100,000. Finally, Diversified Trust Co acquired a new position in Enviri in the 4th quarter valued at $104,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.