OP Asset Management Ltd Invests $2.29 Million in Enviri Corporation $NVRI

OP Asset Management Ltd purchased a new stake in Enviri Corporation (NYSE:NVRI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 116,548 shares of the company’s stock, valued at approximately $2,287,000. OP Asset Management Ltd owned 0.14% of Enviri as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of NVRI. Baird Financial Group Inc. purchased a new position in Enviri during the 1st quarter worth $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Enviri by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock valued at $313,000 after purchasing an additional 2,028 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Enviri by 3.1% in the 1st quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock worth $2,638,000 after buying an additional 11,762 shares during the period. Jane Street Group LLC lifted its holdings in shares of Enviri by 116.0% in the 1st quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock worth $1,379,000 after buying an additional 111,359 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Enviri by 14.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after buying an additional 1,554 shares in the last quarter. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

Shares of Enviri stock opened at $21.86 on Friday. The company has a 50 day moving average price of $20.03 and a 200 day moving average price of $19.10. The firm has a market capitalization of $614.35 million, a P/E ratio of -10.51 and a beta of 1.59. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. Enviri Corporation has a 52 week low of $7.70 and a 52 week high of $22.26.

Enviri (NYSE:NVRI) last released its earnings results on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.36. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The company had revenue of $549.80 million for the quarter, compared to the consensus estimate of $465.37 million. Enviri’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) EPS. Sell-side analysts expect that Enviri Corporation will post -0.45 EPS for the current year.

Enviri Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were issued a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NVRI shares. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. BMO Capital Markets raised their target price on shares of Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Enviri to a “hold” rating in a report on Saturday, June 13th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.25.

Insider Activity

In other news, CFO Peter Francis Minan bought 8,333 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $19.25 per share, with a total value of $160,410.25. Following the transaction, the chief financial officer directly owned 16,434 shares in the company, valued at approximately $316,354.50. The trade was a 102.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by insiders.

Enviri Company Profile

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.