Perma-Fix Environmental Services, Inc. $PESI Position Raised by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its position in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) by 2,639.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,532 shares of the industrial products company’s stock after purchasing an additional 116,132 shares during the period. North Star Investment Management Corp. owned approximately 0.65% of Perma-Fix Environmental Services worth $1,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Perma-Fix Environmental Services during the 1st quarter valued at $77,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Perma-Fix Environmental Services by 18.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,849 shares of the industrial products company’s stock valued at $72,000 after buying an additional 1,515 shares in the last quarter. Rhumbline Advisers grew its holdings in Perma-Fix Environmental Services by 18.4% during the first quarter. Rhumbline Advisers now owns 17,204 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 2,671 shares during the period. Geode Capital Management LLC grew its holdings in Perma-Fix Environmental Services by 7.3% during the second quarter. Geode Capital Management LLC now owns 421,959 shares of the industrial products company’s stock worth $4,440,000 after acquiring an additional 28,781 shares during the period. Finally, XTX Topco Ltd bought a new stake in Perma-Fix Environmental Services in the second quarter worth about $199,000. 25.52% of the stock is owned by institutional investors.

Perma-Fix Environmental Services Stock Performance

PESI opened at $13.13 on Tuesday. The firm has a market cap of $278.36 million, a PE ratio of -13.68 and a beta of 0.52. The company has a quick ratio of 1.17, a current ratio of 1.25 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $12.51. Perma-Fix Environmental Services, Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $16.50.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PESI shares. Weiss Ratings raised shares of Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Wall Street Zen cut shares of Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Perma-Fix Environmental Services Company 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.