Enviri (NYSE:NVRI) Trading Up 4.5% on Insider Buying Activity

Enviri Co. (NYSE:NVRI)’s stock price shot up 4.5% during trading on Tuesday following insider buying activity. The company traded as high as $6.44 and last traded at $6.65. 376,809 shares changed hands during trading, a decline of 34% from the average session volume of 571,714 shares. The stock had previously closed at $6.36.

Specifically, CFO Tom George Vadaketh acquired 40,297 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the acquisition, the chief financial officer now owns 132,431 shares in the company, valued at $821,072.20. The trade was a 43.74 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Russell C. Hochman acquired 40,127 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the acquisition, the senior vice president now owns 120,357 shares in the company, valued at approximately $754,638.39. The trade was a 50.01 % increase in their position. The disclosure for this purchase can be found here.

Enviri Stock Performance

The company has a market capitalization of $541.84 million, a price-to-earnings ratio of -4.25 and a beta of 2.19. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The stock’s fifty day simple moving average is $8.02 and its 200-day simple moving average is $8.53.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. The company had revenue of $558.71 million for the quarter, compared to analyst estimates of $578.98 million. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. During the same period in the prior year, the business earned ($0.07) EPS. Analysts predict that Enviri Co. will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Enviri

A number of hedge funds have recently added to or reduced their stakes in NVRI. FMR LLC raised its holdings in shares of Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock valued at $73,000 after purchasing an additional 1,809 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Enviri in the 4th quarter valued at $78,000. Envestnet Asset Management Inc. acquired a new stake in shares of Enviri in the 4th quarter valued at $86,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Enviri by 17.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock valued at $86,000 after purchasing an additional 1,631 shares in the last quarter. Finally, AXQ Capital LP acquired a new stake in shares of Enviri in the 4th quarter valued at $88,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Company Profile

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.