Potomac Capital Management Inc. Takes $4.30 Million Position in Perma-Fix Environmental Services, Inc. $PESI

Potomac Capital Management Inc. bought a new stake in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 341,800 shares of the industrial products company’s stock, valued at approximately $4,303,000. Perma-Fix Environmental Services makes up 3.5% of Potomac Capital Management Inc.’s portfolio, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of Perma-Fix Environmental Services by 102.9% in the third quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 1,699 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Perma-Fix Environmental Services by 18.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 1,515 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Perma-Fix Environmental Services in the first quarter valued at approximately $77,000. Rhumbline Advisers lifted its position in shares of Perma-Fix Environmental Services by 18.4% in the first quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 2,671 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Perma-Fix Environmental Services in the third quarter valued at approximately $146,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PESI shares. Weiss Ratings downgraded Perma-Fix Environmental Services from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 19th. Wall Street Zen downgraded Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Perma-Fix Environmental Services Stock Performance

Shares of Perma-Fix Environmental Services stock opened at $9.87 on Wednesday. Perma-Fix Environmental Services, Inc. has a one year low of $8.02 and a one year high of $16.50. The company has a market cap of $183.29 million, a price-to-earnings ratio of -10.28 and a beta of 0.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.25. The business’s 50 day moving average price is $10.99 and its 200 day moving average price is $12.67.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). Perma-Fix Environmental Services had a negative return on equity of 28.55% and a negative net margin of 30.06%.The company had revenue of $11.13 million for the quarter, compared to analysts’ expectations of $12.95 million.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.