Insider Selling: Performant Financial Co. (NASDAQ:PFMT) Director Sells $18,366.85 in Stock

Performant Financial Co. (NASDAQ:PFMT) Director Eric Yanagi sold 3,637 shares of the business’s stock in a transaction dated Friday, June 4th. The shares were sold at an average price of $5.05, for a total value of $18,366.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, June 7th, Eric Yanagi sold 208,800 shares of Performant Financial stock. The shares were sold at an average price of $4.83, for a total value of $1,008,504.00.

NASDAQ:PFMT opened at $3.94 on Friday. Performant Financial Co. has a 12 month low of $0.55 and a 12 month high of $5.14. The business’s 50 day moving average price is $2.63. The stock has a market cap of $217.69 million, a price-to-earnings ratio of -39.40 and a beta of -0.73.

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

A number of large investors have recently bought and sold shares of PFMT. Parkman Healthcare Partners LLC acquired a new position in Performant Financial in the first quarter valued at approximately $1,613,000. Renaissance Technologies LLC grew its holdings in shares of Performant Financial by 47.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,570,810 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 508,599 shares during the last quarter. Mirador Capital Partners LP grew its holdings in shares of Performant Financial by 19.8% during the first quarter. Mirador Capital Partners LP now owns 846,277 shares of the business services provider’s stock worth $1,819,000 after purchasing an additional 139,982 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Performant Financial by 59.9% during the first quarter. Geode Capital Management LLC now owns 279,538 shares of the business services provider’s stock worth $601,000 after purchasing an additional 104,693 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Performant Financial during the first quarter worth about $182,000. Institutional investors own 40.20% of the company’s stock.

Separately, Colliers Securities started coverage on Performant Financial in a research note on Friday, June 4th. They issued a “buy” rating and a $10.00 price target for the company.

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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