Diamond Hill Capital Management LLC Investment Advisor Invests $9.18 Million in Perma-Fix Environmental Services, Inc. $PESI

Key Points

• Diamond Hill Capital Management initiated a position of 642,533 Perma-Fix Environmental Services shares worth approximately $9.18 million, representing a 3.03% stake.
• PESI shares opened at $17.63, up 1.5%, but the company reported a quarterly loss of $0.32 per share, slightly worse than estimates, alongside $12.89 million in revenue.
• Analyst sentiment remains negative: Perma-Fix has a consensus rating of “Sell,” while institutional investors collectively own 25.52% of the company.

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 642,533 shares of the industrial products company's stock, valued at approximately $9,182,000. Diamond Hill Capital Management LLC Investment Advisor owned 3.03% of Perma-Fix Environmental Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in shares of Perma-Fix Environmental Services by 102.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company's stock worth $34,000 after buying an additional 1,699 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in shares of Perma-Fix Environmental Services in the first quarter valued at about $53,000. MetLife Investment Management LLC increased its stake in shares of Perma-Fix Environmental Services by 171.6% in the fourth quarter. MetLife Investment Management LLC now owns 9,154 shares of the industrial products company's stock worth $115,000 after purchasing an additional 5,784 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Perma-Fix Environmental Services by 18.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company's stock worth $72,000 after purchasing an additional 1,515 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Perma-Fix Environmental Services during the 1st quarter valued at approximately $77,000. Institutional investors and hedge funds own 25.52% of the company's stock.

Perma-Fix Environmental Services Stock Up 1.5%

NASDAQ PESI opened at $17.63 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average is $14.55 and its two-hundred day moving average is $13.08. The company has a market capitalization of $374.11 million, a price-to-earnings ratio of -15.60 and a beta of 0.46. Perma-Fix Environmental Services, Inc. has a 1-year low of $8.02 and a 1-year high of $21.32.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last posted its earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.01). The company had revenue of $12.89 million for the quarter, compared to the consensus estimate of $12.90 million. Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PESI shares. Wall Street Zen downgraded shares of Perma-Fix Environmental Services from a "sell" rating to a "strong sell" rating in a research note on Sunday, May 17th. Weiss Ratings upgraded shares of Perma-Fix Environmental Services from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Perma-Fix Environmental Services currently has a consensus rating of "Sell".

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc NASDAQ: PESI is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.

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