Rhumbline Advisers Takes $134,000 Position in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Rhumbline Advisers bought a new position in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) during the second quarter, Holdings Channel reports. The firm bought 13,200 shares of the industrial products company’s stock, valued at approximately $134,000.

A number of other hedge funds also recently made changes to their positions in PESI. Fermata Advisors LLC grew its holdings in Perma-Fix Environmental Services by 22.9% during the 2nd quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock valued at $153,000 after buying an additional 2,811 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Perma-Fix Environmental Services by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 189,450 shares of the industrial products company’s stock valued at $2,253,000 after acquiring an additional 2,914 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of Perma-Fix Environmental Services by 11.6% in the fourth quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 3,545 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Perma-Fix Environmental Services in the second quarter worth $338,000. Finally, Van ECK Associates Corp purchased a new stake in Perma-Fix Environmental Services during the second quarter valued at $1,641,000. 25.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum began coverage on shares of Perma-Fix Environmental Services in a research note on Monday, June 3rd. They issued a “buy” rating and a $18.00 price objective for the company.

Perma-Fix Environmental Services Trading Up 3.8 %

Shares of NASDAQ PESI opened at $12.23 on Monday. Perma-Fix Environmental Services, Inc. has a 1-year low of $6.51 and a 1-year high of $14.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.52. The business’s 50 day moving average is $11.09 and its two-hundred day moving average is $10.83. The stock has a market capitalization of $193.23 million, a P/E ratio of -61.15 and a beta of 0.49.

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

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.