Profire Energy, Inc. (PFIE) CEO Sells $76,161.12 in Stock
Profire Energy, Inc. (NASDAQ:PFIE) CEO Brenton W. Hatch sold 57,264 shares of Profire Energy stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $1.33, for a total transaction of $76,161.12. Following the sale, the chief executive officer now owns 14,050,000 shares of the company’s stock, valued at approximately $18,686,500. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Profire Energy, Inc. (NASDAQ:PFIE) traded down 1.50% during midday trading on Friday, reaching $1.31. 63,144 shares of the company were exchanged. The firm has a 50-day moving average of $1.43 and a 200 day moving average of $1.32. The firm’s market capitalization is $66.34 million. Profire Energy, Inc. has a 52 week low of $0.85 and a 52 week high of $1.72.
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A number of hedge funds have recently added to or reduced their stakes in PFIE. Ladenburg Thalmann Financial Services Inc. bought a new stake in Profire Energy during the fourth quarter worth $187,000. Royce & Associates LP boosted its stake in Profire Energy by 3.3% in the fourth quarter. Royce & Associates LP now owns 3,117,041 shares of the oil and gas company’s stock worth $4,302,000 after buying an additional 100,000 shares during the last quarter. Northpointe Capital LLC boosted its stake in Profire Energy by 21.0% in the third quarter. Northpointe Capital LLC now owns 2,278,816 shares of the oil and gas company’s stock worth $2,826,000 after buying an additional 394,998 shares during the last quarter. Perkins Capital Management Inc. boosted its stake in Profire Energy by 37.4% in the first quarter. Perkins Capital Management Inc. now owns 525,606 shares of the oil and gas company’s stock worth $741,000 after buying an additional 143,125 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Profire Energy by 49.4% in the fourth quarter. Renaissance Technologies LLC now owns 314,000 shares of the oil and gas company’s stock worth $433,000 after buying an additional 103,800 shares during the last quarter. 16.27% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on PFIE. Zacks Investment Research lowered shares of Profire Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 11th. Chardan Capital reiterated a “buy” rating and set a $2.15 price objective (up previously from $2.00) on shares of Profire Energy in a report on Monday, March 13th.
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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