Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Shares Bought by Diamond Hill Capital Management Inc.

Key Points

• Diamond Hill Capital Management Inc. increased its stake in Perma-Fix Environmental Services by 32.1%, holding approximately $3.03 million worth of shares as of its latest SEC filing.
• Perma-Fix Environmental Services' stock recently traded at $12.33, showing a significant range with a one-year low of $6.25 and a high of $16.25.
• Analysts upgraded Perma-Fix from a "sell" to a "hold" rating, indicating a more optimistic outlook for the company's stock performance.

Diamond Hill Capital Management Inc. boosted its stake in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) by 32.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 416,662 shares of the industrial products company's stock after purchasing an additional 101,145 shares during the period. Diamond Hill Capital Management Inc. owned approximately 2.26% of Perma-Fix Environmental Services worth $3,029,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PESI. Prescott Group Capital Management L.L.C. raised its stake in shares of Perma-Fix Environmental Services by 4.2% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 746,942 shares of the industrial products company's stock valued at $8,269,000 after acquiring an additional 30,000 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Perma-Fix Environmental Services in the 4th quarter valued at $7,749,000. AWM Investment Company Inc. purchased a new position in shares of Perma-Fix Environmental Services in the 4th quarter valued at $4,428,000. Geode Capital Management LLC raised its stake in shares of Perma-Fix Environmental Services by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 327,122 shares of the industrial products company's stock valued at $3,622,000 after acquiring an additional 1,949 shares during the period. Finally, MYDA Advisors LLC purchased a new position in shares of Perma-Fix Environmental Services in the 4th quarter valued at $2,491,000. Hedge funds and other institutional investors own 25.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Perma-Fix Environmental Services from a "sell" rating to a "hold" rating in a research note on Friday, June 6th.

Perma-Fix Environmental Services Trading Down 0.3%

Shares of PESI stock traded down $0.04 during mid-day trading on Monday, reaching $12.29. The company's stock had a trading volume of 18,390 shares, compared to its average volume of 148,479. The company's 50 day simple moving average is $10.76 and its 200-day simple moving average is $9.35. The firm has a market capitalization of $226.78 million, a PE ratio of -9.82 and a beta of 0.28. Perma-Fix Environmental Services, Inc. has a 12-month low of $6.25 and a 12-month high of $16.25. The company has a quick ratio of 2.12, a current ratio of 2.18 and a debt-to-equity ratio of 0.04.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The industrial products company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). The firm had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.30 million. Perma-Fix Environmental Services had a negative net margin of 33.65% and a negative return on equity of 24.56%. During the same period in the previous year, the business posted ($0.25) earnings per share.

Perma-Fix Environmental Services Company 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.