Prescott Group Capital Management L.L.C. Buys 30,200 Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Key Points

• Prescott Group Capital Management L.L.C. increased its stake in Perma-Fix Environmental Services by 4.0%, acquiring an additional 30,200 shares during the first quarter.
• Perma-Fix Environmental Services reported a loss of ($0.19) EPS for the most recent quarter, missing the consensus estimate of ($0.14) EPS.
• Wall Street Zen upgraded Perma-Fix Environmental Services from a "sell" rating to a "hold" rating on June 6th, suggesting a more neutral outlook on the stock.

Prescott Group Capital Management L.L.C. increased its stake in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 777,142 shares of the industrial products company's stock after acquiring an additional 30,200 shares during the period. Perma-Fix Environmental Services comprises approximately 0.8% of Prescott Group Capital Management L.L.C.'s investment portfolio, making the stock its 23rd largest holding. Prescott Group Capital Management L.L.C. owned 4.22% of Perma-Fix Environmental Services worth $5,650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PESI. Alyeska Investment Group L.P. acquired a new position in Perma-Fix Environmental Services during the fourth quarter worth approximately $7,749,000. AWM Investment Company Inc. bought a new stake in Perma-Fix Environmental Services in the fourth quarter valued at approximately $4,428,000. MYDA Advisors LLC bought a new stake in Perma-Fix Environmental Services in the fourth quarter valued at approximately $2,491,000. Polar Asset Management Partners Inc. bought a new stake in Perma-Fix Environmental Services in the fourth quarter valued at approximately $1,937,000. Finally, Diamond Hill Capital Management Inc. raised its stake in Perma-Fix Environmental Services by 32.1% in the first quarter. Diamond Hill Capital Management Inc. now owns 416,662 shares of the industrial products company's stock valued at $3,029,000 after buying an additional 101,145 shares during the period. Institutional investors own 25.52% of the company's stock.

Perma-Fix Environmental Services Price Performance

NASDAQ:PESI opened at $12.25 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average price is $10.71 and its two-hundred day moving average price is $9.35. The firm has a market capitalization of $226.04 million, a price-to-earnings ratio of -9.80 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.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The industrial products company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.05). The business had revenue of $13.92 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned ($0.25) EPS.

Wall Street Analyst Weigh In

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

About Perma-Fix Environmental Services

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.

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