358,804 Shares of Perma-Fix Environmental Services, Inc. $PESI Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 358,804 shares of the industrial products company’s stock, valued at approximately $5,615,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Perma-Fix Environmental Services during the 2nd quarter worth approximately $9,182,000. Pale Fire Capital SE grew its position in Perma-Fix Environmental Services by 14.4% in the second quarter. Pale Fire Capital SE now owns 55,627 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 7,001 shares during the period. Bank of America Corp DE grew its position in Perma-Fix Environmental Services by 3.5% in the first quarter. Bank of America Corp DE now owns 45,190 shares of the industrial products company’s stock worth $483,000 after acquiring an additional 1,524 shares during the period. Bank of New York Mellon Corp purchased a new position in Perma-Fix Environmental Services in the second quarter worth approximately $544,000. Finally, Corsair Capital Management L.P. increased its stake in Perma-Fix Environmental Services by 73.9% during the first quarter. Corsair Capital Management L.P. now owns 37,649 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 16,000 shares during the last quarter. Institutional investors and hedge funds own 25.52% of the company’s stock.

Perma-Fix Environmental Services Trading Up 9.4%

Perma-Fix Environmental Services stock traded up $1.21 during trading on Friday, hitting $14.05. The company had a trading volume of 358,495 shares, compared to its average volume of 309,476. Perma-Fix Environmental Services, Inc. has a 1-year low of $8.58 and a 1-year high of $21.32. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05. The company’s 50 day simple moving average is $15.26 and its 200-day simple moving average is $13.87. The stock has a market cap of $298.14 million, a price-to-earnings ratio of -11.81 and a beta of 0.59.

Perma-Fix Environmental Services (NASDAQ:PESI) last released its quarterly earnings results on Thursday, November 5th. The industrial products company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.05. Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%. The company had revenue of $17.95 million for the quarter, compared to analysts’ expectations of $14.90 million. As a group, analysts expect that Perma-Fix Environmental Services, Inc. will post -1.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PESI shares. Wall Street Zen upgraded Perma-Fix Environmental Services from a “strong sell” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a report on Tuesday, September 22nd. Finally, Zacks Research raised Perma-Fix Environmental Services to a “hold” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Perma-Fix Environmental Services Profile

Perma-Fix Environmental Services, Inc provides treatment, processing and disposal services for radioactive, mixed and hazardous waste. The company serves customers that generate waste through nuclear energy production, government and defense programs, research, medical activities and other industrial operations.

Its services include the treatment of low-level radioactive waste and mixed waste, which contains both radioactive and hazardous components. Perma-Fix uses specialized technologies and licensed treatment facilities to process waste streams, reduce their volume or hazardous characteristics, and prepare them for compliant disposal.