Enviri (NYSE:NVRI) Trading Up 5.9% After Insider Buying Activity

Enviri Co. (NYSE:NVRI)’s share price was up 5.9% during mid-day trading on Tuesday following insider buying activity. The company traded as high as $8.13 and last traded at $8.13. Approximately 163,041 shares traded hands during trading, a decline of 60% from the average daily volume of 405,940 shares. The stock had previously closed at $7.68.

Specifically, CEO F Nicholas Grasberger III purchased 25,000 shares of Enviri stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the completion of the acquisition, the chief executive officer now owns 837,901 shares of the company’s stock, valued at approximately $6,359,668.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by company insiders.

Enviri Stock Performance

The stock has a market capitalization of $636.80 million, a P/E ratio of -6.74 and a beta of 2.10. The stock’s 50-day simple moving average is $8.25 and its 200 day simple moving average is $7.82. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.36 and a quick ratio of 1.03.

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

Institutional Trading of Enviri

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in Enviri during the fourth quarter worth approximately $65,000. Tower Research Capital LLC TRC acquired a new stake in shares of Enviri during the 4th quarter worth $87,000. Aigen Investment Management LP bought a new position in shares of Enviri in the fourth quarter worth $92,000. SG Americas Securities LLC acquired a new position in Enviri in the first quarter valued at about $100,000. Finally, Diversified Trust Co bought a new stake in Enviri during the fourth quarter worth about $104,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Company 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.