Quadrature Capital Ltd Sells 34,016 Shares of Profire Energy, Inc. (NASDAQ:PFIE)

Quadrature Capital Ltd lessened its holdings in shares of Profire Energy, Inc. (NASDAQ:PFIE) by 42.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,270 shares of the oil and gas company’s stock after selling 34,016 shares during the quarter. Quadrature Capital Ltd owned approximately 0.09% of Profire Energy worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFIE. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Profire Energy during the third quarter valued at approximately $91,000. O Shaughnessy Asset Management LLC bought a new position in shares of Profire Energy during the third quarter valued at approximately $95,000. Ritholtz Wealth Management raised its holdings in shares of Profire Energy by 343.4% during the fourth quarter. Ritholtz Wealth Management now owns 57,433 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 44,479 shares in the last quarter. Barclays PLC purchased a new stake in Profire Energy in the third quarter worth $131,000. Finally, Acadian Asset Management LLC grew its stake in Profire Energy by 21.0% in the third quarter. Acadian Asset Management LLC now owns 141,009 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 24,510 shares during the period. Institutional investors own 38.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Profire Energy from a “buy” rating to a “hold” rating in a research note on Thursday.

Profire Energy Price Performance

Shares of PFIE stock opened at $1.42 on Friday. The stock has a market cap of $66.88 million, a price-to-earnings ratio of 7.10 and a beta of 0.50. The business’s fifty day moving average is $1.54 and its 200 day moving average is $1.60. Profire Energy, Inc. has a twelve month low of $1.19 and a twelve month high of $3.29.

Profire Energy (NASDAQ:PFIE) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Profire Energy had a return on equity of 17.27% and a net margin of 16.79%. The firm had revenue of $13.64 million during the quarter, compared to analysts’ expectations of $14.10 million. Equities research analysts expect that Profire Energy, Inc. will post 0.2 earnings per share for the current fiscal year.

Profire Energy Company Profile

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.