Yousif Capital Management LLC Purchases Shares of 39,903 Enviri Co. (NYSE:NVRI)

Yousif Capital Management LLC purchased a new position in shares of Enviri Co. (NYSE:NVRI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,903 shares of the company’s stock, valued at approximately $359,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in shares of Enviri in the 4th quarter valued at about $3,511,000. Wolverine Asset Management LLC purchased a new position in Enviri during the 4th quarter valued at about $2,066,000. Legato Capital Management LLC purchased a new position in Enviri during the 4th quarter valued at about $1,212,000. New York State Teachers Retirement System purchased a new position in Enviri during the 4th quarter valued at about $1,182,000. Finally, Strs Ohio purchased a new position in Enviri during the 4th quarter valued at about $709,000. Institutional investors own 93.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO F Nicholas Grasberger III bought 25,000 shares of Enviri stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the acquisition, the chief executive officer now owns 837,901 shares of the company’s stock, valued at $6,359,668.59. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Enviri Stock Up 4.5 %

Shares of NYSE:NVRI opened at $7.68 on Tuesday. Enviri Co. has a 1 year low of $5.64 and a 1 year high of $10.01. The company has a market cap of $613.13 million, a PE ratio of -6.51 and a beta of 2.10. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.36 and a quick ratio of 1.03. The stock’s 50-day moving average is $8.25 and its 200 day moving average is $7.81.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. The company had revenue of $600.00 million for the quarter, compared to the consensus estimate of $509.77 million. During the same quarter in the previous year, the business earned ($0.11) EPS. Enviri’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Enviri Co. will post 0.01 EPS for the current year.

Enviri Profile

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.