Performant Financial Corporation (PFMT) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its position in shares of Performant Financial Corporation (NASDAQ:PFMT) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,118,758 shares of the business services provider’s stock after buying an additional 9,968 shares during the period. Dimensional Fund Advisors LP owned about 2.22% of Performant Financial Corporation worth $3,278,000 at the end of the most recent reporting period.
Separately, Hotchkis & Wiley Capital Management LLC increased its position in shares of Performant Financial Corporation by 139.9% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 41,939 shares of the business services provider’s stock worth $123,000 after buying an additional 24,454 shares in the last quarter. Hedge funds and other institutional investors own 54.74% of the company’s stock.
Shares of Performant Financial Corporation (PFMT) traded up 1.1356% on Thursday, hitting $1.7901. The stock had a trading volume of 24,912 shares. Performant Financial Corporation has a one year low of $1.50 and a one year high of $4.07. The company’s market capitalization is $90.93 million. The firm has a 50 day moving average price of $1.94 and a 200 day moving average price of $2.05.
Performant Financial Corporation (NASDAQ:PFMT) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. Performant Financial Corporation had a negative net margin of 13.74% and a negative return on equity of 6.81%. The firm had revenue of $35.90 million for the quarter, compared to analyst estimates of $32.65 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts predict that Performant Financial Corporation will post ($0.08) earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on PFMT shares. Zacks Investment Research downgraded Performant Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. ValuEngine upgraded Performant Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th.
Performant Financial Corporation Company Profile
Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes.
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