AMH Equity Ltd Invests $690,000 in Profire Energy, Inc. (NASDAQ:PFIE)

AMH Equity Ltd acquired a new stake in Profire Energy, Inc. (NASDAQ:PFIE) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 381,450 shares of the oil and gas company’s stock, valued at approximately $690,000. Profire Energy accounts for 0.6% of AMH Equity Ltd’s portfolio, making the stock its 24th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Profire Energy during the 3rd quarter valued at approximately $95,000. Ritholtz Wealth Management increased its stake in shares of Profire Energy by 343.4% during the 4th quarter. Ritholtz Wealth Management now owns 57,433 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 44,479 shares in the last quarter. AWM Investment Company Inc. increased its stake in shares of Profire Energy by 15.9% during the 3rd quarter. AWM Investment Company Inc. now owns 2,596,156 shares of the oil and gas company’s stock worth $7,217,000 after purchasing an additional 355,998 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Profire Energy during the 3rd quarter worth approximately $223,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Profire Energy during the 3rd quarter worth approximately $91,000. Institutional investors and hedge funds own 38.51% of the company’s stock.

Profire Energy Trading Down 0.6 %

Shares of PFIE opened at $1.79 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.89 and a quick ratio of 3.34. The firm has a 50 day simple moving average of $1.71 and a 200-day simple moving average of $1.72. Profire Energy, Inc. has a 1-year low of $1.09 and a 1-year high of $3.29. The stock has a market cap of $95.48 million, a price-to-earnings ratio of 8.14 and a beta of 0.52.

Profire Energy (NASDAQ:PFIE) last issued its quarterly earnings data on Wednesday, March 13th. The oil and gas company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $14.38 million during the quarter, compared to analysts’ expectations of $14.99 million. Profire Energy had a net margin of 18.51% and a return on equity of 20.13%. Equities analysts forecast that Profire Energy, Inc. will post 0.2 EPS for the current fiscal year.

Profire Energy Profile

Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.