Paradigm Capital Management Inc. NY Invests $13.32 Million in Enviri Corporation $NVRI

Paradigm Capital Management Inc. NY bought a new stake in Enviri Corporation (NYSE:NVRI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 606,825 shares of the company's stock, valued at approximately $13,320,000. Paradigm Capital Management Inc. NY owned 2.15% of Enviri as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of NVRI. Advisory Services Network LLC bought a new stake in Enviri in the 3rd quarter valued at about $27,000. KBC Group NV bought a new position in shares of Enviri during the first quarter worth approximately $31,000. Rockefeller Capital Management L.P. increased its holdings in shares of Enviri by 204.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company's stock worth $34,000 after purchasing an additional 1,264 shares during the period. Torren Management LLC acquired a new stake in shares of Enviri in the fourth quarter valued at approximately $37,000. Finally, State of Wyoming acquired a new stake in shares of Enviri in the second quarter valued at approximately $46,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Peter Francis Minan purchased 8,333 shares of the firm's stock in a transaction on Friday, June 5th. The shares were acquired at an average cost of $19.25 per share, with a total value of $160,410.25. Following the purchase, the chief financial officer directly owned 16,434 shares of the company's stock, valued at approximately $316,354.50. This trade represents a 102.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carolann I. Haznedar acquired 4,875 shares of the stock in a transaction on Monday, August 17th. The stock was bought at an average price of $20.46 per share, with a total value of $99,742.50. Following the transaction, the director directly owned 42,955 shares of the company's stock, valued at approximately $878,859.30. The trade was a 12.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 16,154 shares of company stock worth $319,868 over the last quarter.

Enviri Stock Performance

NVRI opened at $21.17 on Tuesday. Enviri Corporation has a one year low of $10.81 and a one year high of $24.20. The company has a fifty day moving average price of $21.97 and a 200-day moving average price of $20.18.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.32). The company had revenue of $324.00 million during the quarter, compared to the consensus estimate of $370.97 million. During the same quarter in the previous year, the business earned $0.22 EPS. The business's quarterly revenue was down 66.7% compared to the same quarter last year. On average, equities research analysts anticipate that Enviri Corporation will post -1.55 EPS for the current fiscal year.

Enviri Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, January 1st were paid a $15.00 dividend. The ex-dividend date of this dividend was Monday, June 1st.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NVRI shares. Wall Street Zen raised Enviri to a "hold" rating in a research report on Saturday, June 13th. BMO Capital Markets upped their target price on Enviri from $21.00 to $24.00 and gave the company a "market perform" rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $24.50.

About Enviri

Enviri Inc NYSE: NVRI is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.

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