StockNews.com assumed coverage on shares of Profire Energy (NASDAQ:PFIE – Free Report) in a research report released on Monday morning. The firm issued a buy rating on the oil and gas company’s stock.
Separately, Lake Street Capital restated a “hold” rating and issued a $2.55 price objective on shares of Profire Energy in a research note on Wednesday, October 30th.
Get Our Latest Research Report on Profire Energy
Profire Energy Stock Performance
Institutional Investors Weigh In On Profire Energy
Several large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Profire Energy during the 3rd quarter worth approximately $46,000. Jane Street Group LLC raised its stake in Profire Energy by 359.3% during the third quarter. Jane Street Group LLC now owns 48,870 shares of the oil and gas company’s stock worth $82,000 after acquiring an additional 38,230 shares in the last quarter. Trium Capital LLP bought a new position in shares of Profire Energy during the fourth quarter valued at $2,296,000. Finally, Royce & Associates LP boosted its stake in shares of Profire Energy by 1.0% in the 3rd quarter. Royce & Associates LP now owns 2,032,361 shares of the oil and gas company’s stock valued at $3,414,000 after purchasing an additional 20,000 shares in the last quarter. 38.51% of the stock is currently owned by institutional investors.
Profire Energy Company Profile
Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.
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