Performant Financial Corp (PFMT) CEO Lisa Im Sells 40,450 Shares
Performant Financial Corp (NASDAQ:PFMT) CEO Lisa Im sold 40,450 shares of Performant Financial stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $1.60, for a total transaction of $64,720.00. Following the sale, the chief executive officer now owns 1,456,884 shares in the company, valued at approximately $2,331,014.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Performant Financial Corp (NASDAQ PFMT) traded down $0.01 during trading hours on Thursday, reaching $1.61. 4,300 shares of the company traded hands, compared to its average volume of 16,871. Performant Financial Corp has a one year low of $1.50 and a one year high of $3.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.49. The firm has a market cap of $82.56, a P/E ratio of -3.16 and a beta of 1.08.
Performant Financial (NASDAQ:PFMT) last announced its earnings results on Tuesday, November 7th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The business had revenue of $29.70 million for the quarter, compared to analysts’ expectations of $31.45 million. Performant Financial had a negative net margin of 19.27% and a negative return on equity of 15.46%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business earned $0.02 EPS. research analysts anticipate that Performant Financial Corp will post -0.25 EPS for the current year.
A number of research firms have weighed in on PFMT. Zacks Investment Research upgraded shares of Performant Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine raised shares of Performant Financial from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFMT. Northern Trust Corp lifted its stake in Performant Financial by 5.6% during the second quarter. Northern Trust Corp now owns 72,716 shares of the business services provider’s stock worth $152,000 after purchasing an additional 3,857 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Performant Financial by 2.0% during the second quarter. Sterling Capital Management LLC now owns 404,570 shares of the business services provider’s stock worth $846,000 after purchasing an additional 8,060 shares during the last quarter. Finally, 22NW LP lifted its stake in Performant Financial by 2.5% during the third quarter. 22NW LP now owns 1,149,038 shares of the business services provider’s stock worth $2,091,000 after purchasing an additional 28,533 shares during the last quarter. 54.48% of the stock is owned by institutional investors.
Performant Financial Company Profile
Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes.
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