Paradigm Capital Management Inc. NY Purchases 563,100 Shares of Enviri Co. (NYSE:NVRI)

Paradigm Capital Management Inc. NY boosted its holdings in shares of Enviri Co. (NYSE:NVRI - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,475,900 shares of the company's stock after acquiring an additional 563,100 shares during the period. Enviri comprises about 1.6% of Paradigm Capital Management Inc. NY's portfolio, making the stock its 19th largest position. Paradigm Capital Management Inc. NY owned approximately 5.59% of Enviri worth $34,464,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVRI. Dark Forest Capital Management LP purchased a new stake in shares of Enviri during the 4th quarter worth $78,000. Envestnet Asset Management Inc. bought a new position in Enviri in the fourth quarter worth about $86,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Enviri by 17.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock valued at $86,000 after buying an additional 1,631 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Enviri during the fourth quarter valued at about $88,000. Finally, Nebula Research & Development LLC bought a new stake in shares of Enviri in the 4th quarter valued at about $93,000. 93.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Enviri news, CFO Tom George Vadaketh bought 40,297 shares of the business's stock in a transaction on Friday, March 14th. The stock was bought at an average price of $6.20 per share, with a total value of $249,841.40. Following the completion of the purchase, the chief financial officer now directly owns 132,431 shares in the company, valued at $821,072.20. The trade was a 43.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Russell C. Hochman acquired 40,127 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $6.27 per share, with a total value of $251,596.29. Following the completion of the transaction, the senior vice president now directly owns 120,357 shares in the company, valued at approximately $754,638.39. The trade was a 50.01% increase in their position. The disclosure for this purchase can be found here. 2.50% of the stock is owned by insiders.

Enviri Trading Down 1.1%

NYSE NVRI opened at $7.86 on Tuesday. Enviri Co. has a 52 week low of $4.72 and a 52 week high of $12.79. The company has a 50 day moving average price of $6.53 and a 200 day moving average price of $7.38. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The firm has a market cap of $630.47 million, a PE ratio of -4.94 and a beta of 1.79.

Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.18) EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.03. The company had revenue of $548.28 million during the quarter, compared to analysts' expectations of $560.00 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The firm's revenue was down 8.7% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. As a group, sell-side analysts forecast that Enviri Co. will post -0.13 EPS for the current fiscal year.

Enviri Profile

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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