Russell Investments Group Ltd. Has $1.99 Million Stake in PFSweb, Inc. (PFSW)
Russell Investments Group Ltd. grew its stake in shares of PFSweb, Inc. (NASDAQ:PFSW) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,721 shares of the business services provider’s stock after buying an additional 45,443 shares during the period. Russell Investments Group Ltd. owned 1.19% of PFSweb worth $1,991,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in PFSweb by 187.5% in the 4th quarter. Wells Fargo & Company MN now owns 14,041 shares of the business services provider’s stock worth $104,000 after purchasing an additional 9,157 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in PFSweb in the 4th quarter worth approximately $178,000. Stone Ridge Asset Management LLC purchased a new position in PFSweb in the 4th quarter worth approximately $239,000. Teton Advisors Inc. lifted its holdings in PFSweb by 1.7% in the 1st quarter. Teton Advisors Inc. now owns 329,962 shares of the business services provider’s stock worth $2,884,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Engine Capital Management LLC lifted its holdings in PFSweb by 40.3% in the 4th quarter. Engine Capital Management LLC now owns 1,428,798 shares of the business services provider’s stock worth $10,616,000 after purchasing an additional 410,472 shares in the last quarter. 61.24% of the stock is currently owned by institutional investors.
NASDAQ:PFSW opened at $9.81 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.08 and a current ratio of 1.18. PFSweb, Inc. has a 1 year low of $5.90 and a 1 year high of $11.86. The company has a market capitalization of $191.09 million, a price-to-earnings ratio of 49.05, a PEG ratio of 5.94 and a beta of 0.40.
PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, PFSweb, and Business and Retail Connect. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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