Bailard Inc. bought a new stake in shares of Profire Energy, Inc. (NASDAQ:PFIE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 77,700 shares of the oil and gas company’s stock, valued at approximately $149,000. Bailard Inc. owned about 0.16% of Profire Energy at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in PFIE. Essex Investment Management Co. LLC acquired a new position in shares of Profire Energy during the third quarter valued at approximately $429,000. Nationwide Fund Advisors acquired a new position in shares of Profire Energy during the third quarter valued at approximately $279,000. Macquarie Group Ltd. acquired a new position in shares of Profire Energy during the third quarter valued at approximately $174,000. Finally, Perkins Capital Management Inc. raised its holdings in shares of Profire Energy by 8.2% during the fourth quarter. Perkins Capital Management Inc. now owns 569,481 shares of the oil and gas company’s stock valued at $1,093,000 after acquiring an additional 43,000 shares during the last quarter. 20.52% of the stock is owned by institutional investors and hedge funds.
Profire Energy, Inc. (NASDAQ PFIE) traded up $0.18 during trading hours on Wednesday, hitting $2.88. The company had a trading volume of 370,570 shares, compared to its average volume of 122,297. Profire Energy, Inc. has a 12-month low of $1.11 and a 12-month high of $2.91. The firm has a market capitalization of $126.96, a PE ratio of 32.00 and a beta of 1.91.
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Profire Energy Company Profile
Profire Energy, Inc is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels.
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