GSA Capital Partners LLP Sells 6,896 Shares of Profire Energy, Inc. (NASDAQ:PFIE)

GSA Capital Partners LLP lessened its stake in Profire Energy, Inc. (NASDAQ:PFIE) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 161,504 shares of the oil and gas company’s stock after selling 6,896 shares during the period. GSA Capital Partners LLP owned about 0.34% of Profire Energy worth $271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Resource Council acquired a new stake in shares of Profire Energy during the 2nd quarter worth approximately $38,000. Williams & Novak LLC bought a new position in Profire Energy during the second quarter worth $46,000. O Shaughnessy Asset Management LLC grew its holdings in Profire Energy by 16.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock worth $325,000 after purchasing an additional 24,376 shares during the period. Perritt Capital Management Inc increased its stake in Profire Energy by 4.6% in 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 in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of Profire Energy by 5.6% during the second quarter. Pacific Ridge Capital Partners LLC now owns 1,739,715 shares of the oil and gas company’s stock valued at $2,470,000 after purchasing an additional 91,941 shares during the period. Institutional investors and hedge funds own 38.51% of the company’s stock.

Profire Energy Price Performance

Shares of NASDAQ:PFIE opened at $2.52 on Friday. The firm has a market capitalization of $116.42 million, a PE ratio of 14.00 and a beta of 0.43. The company has a 50-day moving average price of $1.98 and a two-hundred day moving average price of $1.69. Profire Energy, Inc. has a twelve month low of $1.33 and a twelve month high of $2.52.

Analysts Set New Price Targets

Several research firms recently issued reports on PFIE. Lake Street Capital reissued a “hold” rating and issued a $2.55 price target on shares of Profire Energy in a research report on Wednesday, October 30th. StockNews.com assumed coverage on shares of Profire Energy in a research report on Saturday, November 16th. They set a “buy” rating for the company.

Profire Energy 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.