Eric Yanagi Sells 208,800 Shares of Performant Financial Co. (NASDAQ:PFMT) Stock

Performant Financial Co. (NASDAQ:PFMT) Director Eric Yanagi sold 208,800 shares of the stock in a transaction on Monday, June 7th. The shares were sold at an average price of $4.83, for a total value of $1,008,504.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Eric Yanagi also recently made the following trade(s):

  • On Friday, June 4th, Eric Yanagi sold 3,637 shares of Performant Financial stock. The shares were sold at an average price of $5.05, for a total value of $18,366.85.

NASDAQ:PFMT opened at $3.94 on Friday. The stock has a market capitalization of $217.69 million, a P/E ratio of -39.40 and a beta of -0.73. The stock’s fifty day moving average is $2.63. Performant Financial Co. has a 1 year low of $0.55 and a 1 year high of $5.14.

Performant Financial (NASDAQ:PFMT) last posted its earnings results on Thursday, May 13th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $31.39 million for the quarter. Performant Financial had a positive return on equity of 5.31% and a negative net margin of 4.20%.

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Performant Financial by 47.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,570,810 shares of the business services provider’s stock worth $1,384,000 after buying an additional 508,599 shares in the last quarter. Mirador Capital Partners LP raised its position in shares of Performant Financial by 19.8% in the first quarter. Mirador Capital Partners LP now owns 846,277 shares of the business services provider’s stock worth $1,819,000 after buying an additional 139,982 shares in the last quarter. Parkman Healthcare Partners LLC purchased a new stake in shares of Performant Financial in the first quarter worth $1,613,000. Geode Capital Management LLC raised its position in shares of Performant Financial by 59.9% in the first quarter. Geode Capital Management LLC now owns 279,538 shares of the business services provider’s stock worth $601,000 after buying an additional 104,693 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Performant Financial in the first quarter worth $182,000. Institutional investors own 40.20% of the company’s stock.

Separately, Colliers Securities began coverage on Performant Financial in a research report on Friday, June 4th. They set a “buy” rating and a $10.00 target price on the stock.

About Performant Financial

Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services to the clients in Federal guaranteed student loan program and private institutions; identifies and tracks defaulted borrowers across its clients' portfolios of student loans; rehabilitates and recovers past due student loans; provides tax recovery services to federal, state and municipal agencies; recovers government debt for various federal agencies; and offers audit and recovery services to identify improper healthcare payments for public and private healthcare clients.

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