Perma-Fix Environmental Services, Inc. $PESI Stake Lessened by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. lessened its holdings in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) by 76.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,492 shares of the industrial products company’s stock after selling 596,650 shares during the quarter. Prescott Group Capital Management L.L.C. owned 0.85% of Perma-Fix Environmental Services worth $2,825,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Perma-Fix Environmental Services by 3.5% in the first quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company’s stock worth $483,000 after acquiring an additional 1,524 shares in the last quarter. Pale Fire Capital SE lifted its holdings in shares of Perma-Fix Environmental Services by 12.5% during the 1st quarter. Pale Fire Capital SE now owns 48,626 shares of the industrial products company’s stock valued at $520,000 after acquiring an additional 5,406 shares in the last quarter. Corsair Capital Management L.P. lifted its holdings in shares of Perma-Fix Environmental Services by 73.9% during the 1st quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company’s stock valued at $402,000 after acquiring an additional 16,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Perma-Fix Environmental Services during the 2nd quarter valued at $544,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Perma-Fix Environmental Services during the 2nd quarter worth $9,182,000. Institutional investors and hedge funds own 25.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PESI shares. Wall Street Zen downgraded Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 3rd. Zacks Research upgraded Perma-Fix Environmental Services to a “hold” rating in a research note on Friday, October 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Perma-Fix Environmental Services Stock Up 1.3%

NASDAQ:PESI opened at $13.05 on Wednesday. The firm has a 50-day moving average of $15.57 and a two-hundred day moving average of $13.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.67 and a quick ratio of 1.58. Perma-Fix Environmental Services, Inc. has a 1-year low of $8.58 and a 1-year high of $21.32.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its earnings results on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%. The business had revenue of $12.89 million for the quarter, compared to analysts’ expectations of $12.90 million. As a group, equities analysts anticipate that Perma-Fix Environmental Services, Inc. will post -1.02 earnings per share for the current fiscal year.

Perma-Fix Environmental Services Profile

Perma-Fix Environmental Services, Inc provides treatment, processing and disposal services for radioactive, mixed and hazardous waste. The company serves customers that generate waste through nuclear energy production, government and defense programs, research, medical activities and other industrial operations.

Its services include the treatment of low-level radioactive waste and mixed waste, which contains both radioactive and hazardous components. Perma-Fix uses specialized technologies and licensed treatment facilities to process waste streams, reduce their volume or hazardous characteristics, and prepare them for compliant disposal.