Janney Montgomery Scott LLC Purchases 51,446 Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Posted by Defense World Staff on Oct 27th, 2023

Janney Montgomery Scott LLC raised its position in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI – Free Report) by 306.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,242 shares of the industrial products company’s stock after acquiring an additional 51,446 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.50% of Perma-Fix Environmental Services worth $749,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in Perma-Fix Environmental Services during the 1st quarter valued at approximately $35,000. Charles Schwab Investment Management Inc. bought a new stake in Perma-Fix Environmental Services during the 1st quarter valued at approximately $58,000. Bailard Inc. bought a new stake in Perma-Fix Environmental Services during the 2nd quarter valued at approximately $131,000. Millennium Management LLC bought a new stake in Perma-Fix Environmental Services during the 4th quarter valued at approximately $143,000. Finally, UBS Group AG boosted its position in Perma-Fix Environmental Services by 4,262.6% during the 3rd quarter. UBS Group AG now owns 52,787 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 51,577 shares in the last quarter. 24.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Perma-Fix Environmental Services in a research report on Thursday, October 5th. They issued a “hold” rating on the stock.

Read Our Latest Stock Analysis on PESI

Perma-Fix Environmental Services Stock Performance

Shares of PESI opened at $8.96 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average price is $11.00 and its 200-day moving average price is $10.59. Perma-Fix Environmental Services, Inc. has a 52 week low of $3.20 and a 52 week high of $13.87. The stock has a market cap of $121.59 million, a P/E ratio of -112.00 and a beta of 0.89.

Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Perma-Fix Environmental Services had a negative return on equity of 1.33% and a negative net margin of 1.20%. The company had revenue of $25.03 million during the quarter, compared to the consensus estimate of $23.20 million. Equities research analysts anticipate that Perma-Fix Environmental Services, Inc. will post 0.2 earnings per share for the current fiscal year.

Perma-Fix Environmental Services Company Profile

(Free Report)

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company operates in two segments, Treatment and Services. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.