341,800 Shares in Perma-Fix Environmental Services, Inc. $PESI Purchased by Potomac Capital Management Inc.

Potomac Capital Management Inc. bought a new position in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 341,800 shares of the industrial products company’s stock, valued at approximately $4,303,000. Perma-Fix Environmental Services accounts for approximately 3.5% of Potomac Capital Management Inc.’s portfolio, making the stock its 6th largest holding. Potomac Capital Management Inc. owned about 1.85% of Perma-Fix Environmental Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PESI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Perma-Fix Environmental Services by 18.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 1,515 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Perma-Fix Environmental Services by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 422,890 shares of the industrial products company’s stock valued at $5,325,000 after purchasing an additional 1,655 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Perma-Fix Environmental Services by 102.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,350 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 1,699 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Perma-Fix Environmental Services by 18.4% during the 1st quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 2,671 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Perma-Fix Environmental Services by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 156,853 shares of the industrial products company’s stock valued at $1,584,000 after purchasing an additional 4,478 shares in the last quarter. 25.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PESI shares. Weiss Ratings lowered shares of Perma-Fix Environmental Services from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. Wall Street Zen lowered Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Perma-Fix Environmental Services currently has an average rating of “Sell”.

Perma-Fix Environmental Services Stock Up 2.0%

Shares of PESI opened at $9.87 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Perma-Fix Environmental Services, Inc. has a 12 month low of $8.02 and a 12 month high of $16.50. The stock’s 50 day moving average is $10.99 and its two-hundred day moving average is $12.67. The firm has a market cap of $183.29 million, a P/E ratio of -10.28 and a beta of 0.52.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 28.55%. The business had revenue of $11.13 million during the quarter, compared to analyst estimates of $12.95 million.

Perma-Fix Environmental Services Profile

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.