Enviri (NYSE:NVRI) Trading Up 4.5% After Insider Buying Activity

Enviri Co. (NYSE:NVRI) was up 4.5% on Tuesday after an insider bought additional shares in the company. The stock traded as high as $6.44 and last traded at $6.65. Approximately 376,809 shares traded hands during trading, a decline of 34% from the average daily volume of 571,714 shares. The stock had previously closed at $6.36.

Specifically, CFO Tom George Vadaketh purchased 40,297 shares of the business’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $6.20 per share, for a total transaction of $249,841.40. Following the completion of the purchase, the chief financial officer now directly owns 132,431 shares in the company, valued at approximately $821,072.20. This represents a 43.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Russell C. Hochman purchased 40,127 shares of the business’s stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the purchase, the senior vice president now owns 120,357 shares of the company’s stock, valued at $754,638.39. This represents a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Enviri Stock Performance

The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99. The company has a market capitalization of $541.84 million, a price-to-earnings ratio of -4.25 and a beta of 2.19. The stock has a 50 day simple moving average of $8.02 and a two-hundred day simple moving average of $8.53.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.05. The company had revenue of $558.71 million for the quarter, compared to analyst estimates of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same quarter last year, the company posted ($0.07) earnings per share. As a group, analysts anticipate that Enviri Co. will post -0.13 earnings per share for the current year.

Hedge Funds Weigh In On Enviri

Hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Enviri by 34.4% during the third quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after purchasing an additional 1,809 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Enviri during the fourth quarter worth about $78,000. Envestnet Asset Management Inc. purchased a new position in shares of Enviri during the fourth quarter worth about $86,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Enviri by 17.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock worth $86,000 after buying an additional 1,631 shares during the last quarter. Finally, AXQ Capital LP purchased a new position in shares of Enviri during the fourth quarter worth about $88,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.