Diamond Hill Capital Management LLC Investment Advisor Purchases New Position in Perma-Fix Environmental Services, Inc. $PESI

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 642,533 shares of the industrial products company’s stock, valued at approximately $9,182,000.

Other large investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Perma-Fix Environmental Services during the first quarter worth approximately $77,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 during the last quarter. Rhumbline Advisers boosted its holdings in shares of Perma-Fix Environmental Services by 18.4% in the 1st quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 2,671 shares in the last quarter. Geode Capital Management LLC grew its position in Perma-Fix Environmental Services by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 421,959 shares of the industrial products company’s stock worth $4,440,000 after acquiring an additional 28,781 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Perma-Fix Environmental Services during the 2nd quarter worth approximately $199,000. 25.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings raised Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. Wall Street Zen lowered Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Trading Up 1.5%

PESI opened at $17.63 on Tuesday. Perma-Fix Environmental Services, Inc. has a 1-year low of $8.02 and a 1-year high of $21.32. The stock has a market capitalization of $374.11 million, a PE ratio of -15.60 and a beta of 0.46. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $14.55 and a two-hundred day moving average price of $13.08.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its quarterly earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.01). The company had revenue of $12.89 million for the quarter, compared to the consensus estimate of $12.90 million. Perma-Fix Environmental Services had a negative net margin of 37.04% and a negative return on equity of 35.46%.

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.