Dimensional Fund Advisors LP reduced its holdings in shares of Profire Energy, Inc. (NASDAQ:PFIE – Free Report) by 34.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,764 shares of the oil and gas company’s stock after selling 30,915 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of Profire Energy worth $83,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of PFIE. Advisor Resource Council bought a new position in Profire Energy during the second quarter valued at approximately $38,000. Williams & Novak LLC purchased a new stake in shares of Profire Energy during the second quarter valued at approximately $46,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Profire Energy by 16.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock valued at $325,000 after purchasing an additional 24,376 shares during the period. Perritt Capital Management Inc boosted its stake in shares of Profire Energy by 4.6% during the second quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock valued at $477,000 after purchasing an additional 14,720 shares during the period. Finally, AMH Equity Ltd boosted its stake in shares of Profire Energy by 31.1% during the first quarter. AMH Equity Ltd now owns 500,000 shares of the oil and gas company’s stock valued at $925,000 after purchasing an additional 118,550 shares during the period. 38.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Profire Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th.
Profire Energy Stock Performance
NASDAQ:PFIE opened at $1.70 on Wednesday. The firm has a market cap of $80.07 million, a PE ratio of 8.50 and a beta of 0.49. Profire Energy, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $2.47. The business has a 50 day moving average price of $1.62 and a 200-day moving average price of $1.61.
Profire Energy (NASDAQ:PFIE – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $15.16 million during the quarter. Profire Energy had a return on equity of 15.34% and a net margin of 15.22%. During the same period last year, the company posted $0.06 EPS.
About Profire Energy
Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.
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