ARS Investment Partners LLC Sells 43,265 Shares of Perma-Fix Environmental Services, Inc. $PESI

ARS Investment Partners LLC lowered its position in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) by 51.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,960 shares of the industrial products company’s stock after selling 43,265 shares during the period. ARS Investment Partners LLC owned about 0.22% of Perma-Fix Environmental Services worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PESI. Jane Street Group LLC purchased a new position in shares of Perma-Fix Environmental Services during the 2nd quarter valued at about $232,000. Pale Fire Capital SE grew its holdings in Perma-Fix Environmental Services by 154.9% during the 2nd quarter. Pale Fire Capital SE now owns 25,689 shares of the industrial products company’s stock valued at $270,000 after buying an additional 15,609 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Perma-Fix Environmental Services during the second quarter valued at about $194,000. CW Advisors LLC lifted its position in shares of Perma-Fix Environmental Services by 48.8% in the second quarter. CW Advisors LLC now owns 30,500 shares of the industrial products company’s stock worth $321,000 after buying an additional 10,000 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Perma-Fix Environmental Services during the 2nd quarter valued at approximately $199,000. Hedge funds and other institutional investors own 25.52% of the company’s stock.

Perma-Fix Environmental Services Stock Performance

Shares of Perma-Fix Environmental Services stock opened at $12.66 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $13.24 and its two-hundred day moving average is $11.68. Perma-Fix Environmental Services, Inc. has a 52 week low of $6.25 and a 52 week high of $16.50. The company has a market capitalization of $234.46 million, a PE ratio of -19.18 and a beta of 0.36.

Perma-Fix Environmental Services (NASDAQ:PESI) last announced its quarterly earnings data on Monday, November 10th. The industrial products company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Perma-Fix Environmental Services had a negative net margin of 19.15% and a negative return on equity of 19.45%. The company had revenue of $17.45 million during the quarter, compared to analyst estimates of $16.30 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Perma-Fix Environmental Services presently has a consensus rating of “Sell”.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.