Paradigm Capital Management Inc. NY Invests $13.32 Million in Enviri Corporation $NVRI

Paradigm Capital Management Inc. NY bought a new position in Enviri Corporation (NYSE:NVRI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 606,825 shares of the company’s stock, valued at approximately $13,320,000.

A number of other hedge funds also recently bought and sold shares of NVRI. Baird Financial Group Inc. purchased a new stake in Enviri in the 1st quarter worth approximately $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Enviri by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock worth $313,000 after buying an additional 2,028 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Enviri by 3.1% during the first quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock valued at $2,638,000 after buying an additional 11,762 shares during the period. Jane Street Group LLC raised its holdings in shares of Enviri by 116.0% during the first quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock valued at $1,379,000 after acquiring an additional 111,359 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after acquiring an additional 1,554 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Insider Buying and Selling

In related news, Director Carolann I. Haznedar purchased 4,875 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the purchase, the director directly owned 42,955 shares of the company’s stock, valued at approximately $878,859.30. This represents a 12.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter Francis Minan acquired 8,333 shares of Enviri stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $19.25 per share, with a total value of $160,410.25. Following the transaction, the chief financial officer owned 16,434 shares in the company, valued at $316,354.50. This represents a 102.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 16,154 shares of company stock valued at $319,868 in the last ninety days.

Analysts Set New Price Targets

Several analysts recently weighed in on NVRI shares. BMO Capital Markets lifted their price target on shares of Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Wall Street Zen raised shares of Enviri to a “hold” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Enviri currently has a consensus rating of “Hold” and an average target price of $24.50.

Enviri Stock Performance

Shares of NVRI stock opened at $21.17 on Tuesday. Enviri Corporation has a 12 month low of $10.81 and a 12 month high of $24.20. The company’s fifty day moving average price is $21.97 and its 200-day moving average price is $20.18.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The company had revenue of $324.00 million for the quarter, compared to the consensus estimate of $370.97 million. During the same period last year, the firm posted $0.22 EPS. Enviri’s quarterly revenue was down 66.7% compared to the same quarter last year. As a group, research analysts expect that Enviri Corporation will post -1.55 earnings per share for the current year.

Enviri Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, January 1st were issued a $15.00 dividend. The ex-dividend date was Monday, June 1st.

About Enviri

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.