Apis Capital Advisors LLC Buys 14,000 Shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Apis Capital Advisors LLC lifted its stake in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) by 30.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,000 shares of the industrial products company’s stock after acquiring an additional 14,000 shares during the quarter. Perma-Fix Environmental Services accounts for about 0.4% of Apis Capital Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Apis Capital Advisors LLC owned 0.38% of Perma-Fix Environmental Services worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers purchased a new stake in Perma-Fix Environmental Services in the second quarter worth approximately $134,000. Fermata Advisors LLC grew its holdings in shares of Perma-Fix Environmental Services by 22.9% in the second quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 2,811 shares during the period. Quadrature Capital Ltd increased its position in Perma-Fix Environmental Services by 11.6% during the fourth quarter. Quadrature Capital Ltd now owns 34,029 shares of the industrial products company’s stock valued at $267,000 after acquiring an additional 3,545 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Perma-Fix Environmental Services in the second quarter valued at about $338,000. Finally, Dimensional Fund Advisors LP boosted its position in Perma-Fix Environmental Services by 21.6% in the second quarter. Dimensional Fund Advisors LP now owns 78,506 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 13,949 shares during the last quarter. 25.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PESI. Craig Hallum initiated coverage on shares of Perma-Fix Environmental Services in a research report on Monday, June 3rd. They set a “buy” rating and a $18.00 price target for the company. StockNews.com downgraded shares of Perma-Fix Environmental Services from a “hold” rating to a “sell” rating in a research report on Monday, May 27th.

Perma-Fix Environmental Services Price Performance

NASDAQ PESI opened at $11.84 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.56. The business’s fifty day moving average is $10.92 and its 200 day moving average is $10.74. The company has a market capitalization of $186.93 million, a PE ratio of -59.20 and a beta of 0.49. Perma-Fix Environmental Services, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $14.17.

Perma-Fix Environmental Services (NASDAQ:PESI) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.26) earnings per share for the quarter. The company had revenue of $13.99 million for the quarter. Perma-Fix Environmental Services had a negative net margin of 9.82% and a negative return on equity of 15.78%.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.