Perkins Capital Management Inc. Acquires New Stake in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Perkins Capital Management Inc. purchased a new position in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 25,000 shares of the industrial products company’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its position in shares of Perma-Fix Environmental Services by 4,300.0% in the fourth quarter. New York State Common Retirement Fund now owns 4,400 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 4,300 shares during the period. JPMorgan Chase & Co. raised its holdings in Perma-Fix Environmental Services by 17.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,308 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 947 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Perma-Fix Environmental Services by 54.4% during the third quarter. BNP Paribas Financial Markets now owns 6,994 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 2,463 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Perma-Fix Environmental Services by 129.1% in the third quarter. MetLife Investment Management LLC now owns 7,543 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 4,250 shares during the period. Finally, LVW Advisors LLC bought a new stake in shares of Perma-Fix Environmental Services during the 4th quarter valued at $111,000. Institutional investors own 25.52% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Perma-Fix Environmental Services to a “sell” rating in a report on Tuesday, March 18th.

Perma-Fix Environmental Services Price Performance

PESI stock opened at $6.96 on Monday. The firm has a 50 day moving average of $8.99 and a 200-day moving average of $11.29. The firm has a market capitalization of $128.26 million, a P/E ratio of -6.39 and a beta of 0.40. Perma-Fix Environmental Services, Inc. has a 12 month low of $6.91 and a 12 month high of $16.25. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 0.06.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings results on Thursday, March 13th. The industrial products company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.10). Perma-Fix Environmental Services had a negative net margin of 24.44% and a negative return on equity of 21.69%. The firm had revenue of $14.70 million during the quarter, compared to the consensus estimate of $15.80 million.

Perma-Fix Environmental Services Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.