Profire Energy, Inc. (NASDAQ:PFIE) Shares Acquired by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC grew its holdings in Profire Energy, Inc. (NASDAQ:PFIE) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,647,774 shares of the oil and gas company’s stock after purchasing an additional 64,304 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 3.50% of Profire Energy worth $3,048,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Ritholtz Wealth Management raised its stake in Profire Energy by 343.4% during the fourth 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 during the period. AMH Equity Ltd purchased a new position in shares of Profire Energy in the 4th quarter valued at $690,000. Navellier & Associates Inc. raised its stake in shares of Profire Energy by 55.5% in the 4th quarter. Navellier & Associates Inc. now owns 472,151 shares of the oil and gas company’s stock valued at $855,000 after acquiring an additional 168,586 shares during the period. Perkins Capital Management Inc. raised its stake in shares of Profire Energy by 3.0% in the 4th quarter. Perkins Capital Management Inc. now owns 936,732 shares of the oil and gas company’s stock valued at $1,695,000 after acquiring an additional 27,652 shares during the period. Finally, Everett Harris & Co. CA raised its stake in shares of Profire Energy by 4.0% in the 1st quarter. Everett Harris & Co. CA now owns 1,484,591 shares of the oil and gas company’s stock valued at $2,746,000 after acquiring an additional 57,020 shares during the period. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Profire Energy Trading Up 0.6 %

PFIE stock traded up $0.01 on Friday, hitting $1.66. 61,248 shares of the company’s stock traded hands, compared to its average volume of 205,958. Profire Energy, Inc. has a 1-year low of $1.28 and a 1-year high of $3.29. The stock has a market cap of $78.19 million, a price-to-earnings ratio of 8.30 and a beta of 0.50. The stock has a fifty day moving average of $1.49 and a 200-day moving average of $1.60.

Profire Energy (NASDAQ:PFIE) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $13.64 million during the quarter, compared to analyst estimates of $14.10 million. Profire Energy had a net margin of 16.79% and a return on equity of 17.27%. On average, equities research analysts anticipate that Profire Energy, Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Profire Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 27th.

Profire Energy Company 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.