Perma-Fix Environmental Services, Inc. $PESI Shares Sold by MYDA Advisors LLC

Key Points

• MYDA Advisors LLC reduced its holdings in Perma-Fix Environmental Services by 11.1%, owning 200,000 shares after selling 25,000 shares in the first quarter.
• Institutional investors have shown interest, with Prescott Group Capital Management increasing its stake by 4.0% and Diamond Hill Capital Management growing its holdings by 32.1% in the same period.
• Perma-Fix Environmental Services reported quarterly earnings of ($0.14) EPS, meeting analyst expectations, but its revenue of $14.59 million fell short of estimates of $16.40 million.

MYDA Advisors LLC lessened its position in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the industrial products company's stock after selling 25,000 shares during the quarter. MYDA Advisors LLC owned approximately 1.09% of Perma-Fix Environmental Services worth $1,454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of Perma-Fix Environmental Services in the 1st quarter valued at $33,000. Corebridge Financial Inc. raised its holdings in shares of Perma-Fix Environmental Services by 14.7% in the 1st quarter. Corebridge Financial Inc. now owns 8,284 shares of the industrial products company's stock valued at $60,000 after buying an additional 1,061 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Perma-Fix Environmental Services by 21.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,334 shares of the industrial products company's stock valued at $92,000 after buying an additional 1,479 shares during the period. Pale Fire Capital SE purchased a new stake in shares of Perma-Fix Environmental Services in the 1st quarter valued at $73,000. Finally, Bank of America Corp DE raised its holdings in shares of Perma-Fix Environmental Services by 34.6% in the 4th quarter. Bank of America Corp DE now owns 14,789 shares of the industrial products company's stock valued at $164,000 after buying an additional 3,803 shares during the period. Hedge funds and other institutional investors own 25.52% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Perma-Fix Environmental Services from a "sell" rating to a "hold" rating in a report on Friday, June 6th.

Perma-Fix Environmental Services Stock Down 1.2%

PESI traded down $0.14 on Tuesday, hitting $11.75. 40,089 shares of the company were exchanged, compared to its average volume of 144,478. Perma-Fix Environmental Services, Inc. has a twelve month low of $6.25 and a twelve month high of $16.25. The company has a market cap of $217.02 million, a price-to-earnings ratio of -10.40 and a beta of 0.28. The company has a current ratio of 2.04, a quick ratio of 1.97 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $11.45 and a two-hundred day moving average price of $9.61.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last released its earnings results on Thursday, August 7th. The industrial products company reported ($0.14) EPS for the quarter, hitting the consensus estimate of ($0.14). Perma-Fix Environmental Services had a negative return on equity of 21.73% and a negative net margin of 31.25%.The firm had revenue of $14.59 million during the quarter, compared to analysts' expectations of $16.40 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.