Enviri Co. (NYSE:NVRI – Get Free Report)’s stock price rose 5.9% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $8.13 and last traded at $8.13. Approximately 163,041 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 405,940 shares. The stock had previously closed at $7.68.
Specifically, CEO F Nicholas Grasberger III bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average cost of $7.59 per share, with a total value of $189,750.00. Following the acquisition, the chief executive officer now owns 837,901 shares in the company, valued at $6,359,668.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company’s stock.
Enviri Price Performance
The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.36. The firm’s fifty day moving average is $8.25 and its two-hundred day moving average is $7.82. The company has a market cap of $624.78 million, a P/E ratio of -6.61 and a beta of 2.10.
Institutional Trading of Enviri
Several hedge funds have recently bought and sold shares of NVRI. Diversified Trust Co purchased a new position in shares of Enviri in the fourth quarter valued at $104,000. Brookstone Capital Management purchased a new position in shares of Enviri in the 4th quarter worth $144,000. Legato Capital Management LLC bought a new stake in shares of Enviri in the 4th quarter worth about $1,212,000. D.B. Root & Company LLC purchased a new stake in shares of Enviri during the 4th quarter valued at about $477,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Enviri in the 4th quarter valued at about $442,000. 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.
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