Perkins Capital Management Inc. Makes New Investment in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Perkins Capital Management Inc. purchased a new stake in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,000 shares of the industrial products company’s stock, valued at approximately $277,000. Perkins Capital Management Inc. owned approximately 0.16% of Perma-Fix Environmental Services at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. New York State Common Retirement Fund increased its position in Perma-Fix Environmental Services by 4,300.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,400 shares of the industrial products company’s stock valued at $49,000 after buying an additional 4,300 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Perma-Fix Environmental Services by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 6,308 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 947 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Perma-Fix Environmental Services by 54.4% during the third quarter. BNP Paribas Financial Markets now owns 6,994 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 2,463 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Perma-Fix Environmental Services by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,543 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 4,250 shares during the period. Finally, LVW Advisors LLC bought a new position in shares of Perma-Fix Environmental Services in the 4th quarter worth $111,000. Institutional investors own 25.52% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Perma-Fix Environmental Services to a “sell” rating in a research note on Tuesday, March 18th.

Perma-Fix Environmental Services Stock Performance

NASDAQ PESI opened at $6.96 on Monday. The company has a fifty day moving average price of $8.99 and a 200-day moving average price of $11.29. The firm has a market cap of $128.26 million, a price-to-earnings ratio of -6.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.42 and a quick ratio of 1.37. Perma-Fix Environmental Services, Inc. has a 1 year low of $6.91 and a 1 year high of $16.25.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings data on Thursday, March 13th. The industrial products company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). Perma-Fix Environmental Services had a negative return on equity of 21.69% and a negative net margin of 24.44%. The firm had revenue of $14.70 million during the quarter, compared to the consensus estimate of $15.80 million.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.