Renaissance Technologies LLC grew its stake in shares of Performance Shipping Inc. (NASDAQ:PSHG – Free Report) by 167.6% in the second quarter, HoldingsChannel.com reports. The firm owned 142,284 shares of the company’s stock after purchasing an additional 89,109 shares during the period. Renaissance Technologies LLC’s holdings in Performance Shipping were worth $307,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of PSHG. Quadrature Capital Ltd bought a new position in shares of Performance Shipping in the fourth quarter valued at approximately $56,000. Privium Fund Management UK Ltd bought a new position in shares of Performance Shipping in the second quarter valued at approximately $64,000. Finally, Cable Car Capital LLC bought a new position in shares of Performance Shipping in the fourth quarter valued at approximately $120,000. 19.90% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Alliance Global Partners assumed coverage on Performance Shipping in a report on Monday, July 22nd. They issued a “buy” rating and a $6.50 target price for the company.
Performance Shipping Stock Performance
PSHG stock opened at $1.90 on Friday. The business has a 50 day moving average of $1.93 and a 200-day moving average of $2.06. Performance Shipping Inc. has a 12-month low of $1.60 and a 12-month high of $2.58. The firm has a market cap of $23.62 million, a PE ratio of 1.31 and a beta of -0.32. The company has a quick ratio of 5.56, a current ratio of 5.61 and a debt-to-equity ratio of 0.17.
Performance Shipping (NASDAQ:PSHG – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Performance Shipping had a return on equity of 24.02% and a net margin of 62.19%. The business had revenue of $20.51 million during the quarter.
Performance Shipping Profile
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