Apis Capital Advisors LLC Acquires 14,000 Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Apis Capital Advisors LLC lifted its holdings in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) by 30.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,000 shares of the industrial products company’s stock after acquiring an additional 14,000 shares during the period. Perma-Fix Environmental Services accounts for about 0.4% of Apis Capital Advisors LLC’s portfolio, making the stock its 29th biggest holding. Apis Capital Advisors LLC’s holdings in Perma-Fix Environmental Services were worth $608,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Perma-Fix Environmental Services by 21.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 78,506 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 13,949 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in shares of Perma-Fix Environmental Services during the second quarter worth $2,421,000. Rhumbline Advisers purchased a new position in Perma-Fix Environmental Services during the second quarter valued at $134,000. Van ECK Associates Corp bought a new stake in Perma-Fix Environmental Services in the 2nd quarter valued at $1,641,000. Finally, Bank of New York Mellon Corp purchased a new stake in Perma-Fix Environmental Services in the 2nd quarter worth $338,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PESI. StockNews.com lowered Perma-Fix Environmental Services from a “hold” rating to a “sell” rating in a research report on Monday, May 27th. Craig Hallum initiated coverage on Perma-Fix Environmental Services in a report on Monday, June 3rd. They set a “buy” rating and a $18.00 price target for the company.

Perma-Fix Environmental Services Price Performance

Perma-Fix Environmental Services stock opened at $11.84 on Monday. Perma-Fix Environmental Services, Inc. has a 52-week low of $6.51 and a 52-week high of $14.17. The company has a quick ratio of 1.52, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average is $10.92 and its 200 day moving average is $10.74. The company has a market cap of $186.93 million, a price-to-earnings ratio of -59.20 and a beta of 0.49.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.26) earnings per share (EPS) for the quarter. Perma-Fix Environmental Services had a negative net margin of 9.82% and a negative return on equity of 15.78%. The business had revenue of $13.99 million for the quarter.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.