Polar Asset Management Partners Inc. Invests $1.94 Million in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Polar Asset Management Partners Inc. acquired a new position in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 175,000 shares of the industrial products company's stock, valued at approximately $1,937,000. Polar Asset Management Partners Inc. owned 1.10% of Perma-Fix Environmental Services at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PESI. Prescott Group Capital Management L.L.C. raised its stake in Perma-Fix Environmental Services by 4.2% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 746,942 shares of the industrial products company's stock valued at $8,269,000 after buying an additional 30,000 shares during the period. Alyeska Investment Group L.P. bought a new stake in Perma-Fix Environmental Services in the fourth quarter valued at approximately $7,749,000. Geode Capital Management LLC raised its stake in Perma-Fix Environmental Services by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 327,122 shares of the industrial products company's stock valued at $3,622,000 after buying an additional 1,949 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Perma-Fix Environmental Services by 26.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 315,517 shares of the industrial products company's stock valued at $3,493,000 after buying an additional 65,761 shares during the period. Finally, MYDA Advisors LLC bought a new stake in Perma-Fix Environmental Services in the fourth quarter valued at approximately $2,491,000. 25.52% of the stock is owned by institutional investors and hedge funds.

Perma-Fix Environmental Services Price Performance

NASDAQ:PESI traded up $0.21 during trading hours on Thursday, reaching $10.36. 20,910 shares of the company were exchanged, compared to its average volume of 145,682. The company has a market capitalization of $191.00 million, a P/E ratio of -9.50 and a beta of 0.18. Perma-Fix Environmental Services, Inc. has a 1-year low of $6.25 and a 1-year high of $16.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.42 and a quick ratio of 1.37. The business has a 50 day moving average of $8.12 and a 200 day moving average of $9.95.

Perma-Fix Environmental Services (NASDAQ:PESI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The industrial products company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.05). Perma-Fix Environmental Services had a negative net margin of 24.44% and a negative return on equity of 21.69%. The firm had revenue of $13.92 million during the quarter, compared to the consensus estimate of $15.30 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Perma-Fix Environmental Services to a "sell" rating in a research report on Tuesday, March 18th.

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.