Energy Recovery, Inc. $ERII Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in Energy Recovery, Inc. (NASDAQ:ERII) by 44.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,876 shares of the industrial products company’s stock after selling 32,429 shares during the period. GSA Capital Partners LLP owned about 0.08% of Energy Recovery worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its stake in shares of Energy Recovery by 2,581.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,931 shares of the industrial products company’s stock worth $30,000 after buying an additional 1,859 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Energy Recovery during the third quarter worth $46,000. Tower Research Capital LLC TRC raised its position in Energy Recovery by 172.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,011 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 3,803 shares in the last quarter. Groupe la Francaise acquired a new stake in Energy Recovery in the second quarter valued at $153,000. Finally, PDT Partners LLC purchased a new stake in shares of Energy Recovery during the 2nd quarter worth $159,000. Hedge funds and other institutional investors own 83.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ERII. B. Riley Financial reiterated a “neutral” rating on shares of Energy Recovery in a research note on Thursday, November 6th. Loop Capital set a $18.20 price target on shares of Energy Recovery in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Energy Recovery in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.07.

Energy Recovery Stock Performance

ERII stock opened at $16.24 on Monday. The company has a 50 day moving average price of $14.58 and a two-hundred day moving average price of $14.89. The stock has a market capitalization of $860.23 million, a P/E ratio of 47.77 and a beta of 1.09. Energy Recovery, Inc. has a one year low of $10.86 and a one year high of $18.32.

Insider Buying and Selling at Energy Recovery

In related news, Director Arve Hanstveit sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $14.97, for a total transaction of $224,550.00. Following the sale, the director directly owned 640,220 shares in the company, valued at approximately $9,584,093.40. This trade represents a 2.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William Yeung sold 7,271 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $14.55, for a total value of $105,793.05. Following the completion of the transaction, the insider owned 90,098 shares of the company’s stock, valued at approximately $1,310,925.90. This represents a 7.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 25,260 shares of company stock worth $374,213 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

About Energy Recovery

Energy Recovery, Inc (NASDAQ: ERII) is an energy technology company specializing in the design and manufacture of high-efficiency devices that capture and repurpose energy in fluid-handling applications. The company’s core offering, the Pressure Exchanger® (PX®) device, enables seawater reverse osmosis (SWRO) desalination plants to recover and reuse hydraulic energy that would otherwise be lost during brine discharge. By integrating PX technology into desalination processes, Energy Recovery helps operators significantly reduce the energy consumption and operating costs of producing fresh water from seawater or brackish sources.

In addition to desalination solutions, Energy Recovery has expanded its portfolio to serve the oil and gas sector through turbocharger systems that improve the energy efficiency of hydraulic fracturing operations.