Ronald R. Spoehel Buys 25,000 Shares of Profire Energy Inc. (PFIE) Stock
Profire Energy Inc. (NASDAQ:PFIE) Director Ronald R. Spoehel bought 25,000 shares of Profire Energy stock in a transaction on Thursday, November 17th. The shares were purchased at an average cost of $1.25 per share, with a total value of $31,250.00. Following the completion of the purchase, the director now directly owns 194,375 shares in the company, valued at $242,968.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Profire Energy Inc. (NASDAQ:PFIE) traded up 4.65% on Friday, reaching $1.35. 61,155 shares of the company’s stock were exchanged. The firm’s market capitalization is $71.99 million. Profire Energy Inc. has a 12 month low of $0.65 and a 12 month high of $1.49. The firm has a 50-day moving average of $1.25 and a 200-day moving average of $1.15.
Separately, Zacks Investment Research raised shares of Profire Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 12th.
A number of institutional investors have recently added to or reduced their stakes in PFIE. Societe Generale bought a new position in Profire Energy during the second quarter valued at approximately $166,000. Perkins Capital Management Inc. bought a new position in Profire Energy during the second quarter valued at approximately $309,000. Wolverine Asset Management LLC boosted its position in Profire Energy by 14.4% in the second quarter. Wolverine Asset Management LLC now owns 345,282 shares of the company’s stock valued at $383,000 after buying an additional 43,411 shares during the last quarter. Northpointe Capital LLC boosted its position in Profire Energy by 2.3% in the second quarter. Northpointe Capital LLC now owns 1,883,818 shares of the company’s stock valued at $2,091,000 after buying an additional 42,060 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Profire Energy by 5.5% in the second quarter. Royce & Associates LP now owns 2,904,392 shares of the company’s stock valued at $3,224,000 after buying an additional 152,351 shares during the last quarter. Hedge funds and other institutional investors own 16.65% of the company’s stock.
About Profire Energy
Profire Energy, Inc is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels.
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