Clearline Capital LP Sells 27,817 Shares of Enviri Corporation $NVRI

Clearline Capital LP reduced its stake in shares of Enviri Corporation (NYSE:NVRI) by 29.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 66,282 shares of the company’s stock after selling 27,817 shares during the quarter. Clearline Capital LP’s holdings in Enviri were worth $1,188,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Enviri by 121.9% during the third quarter. JPMorgan Chase & Co. now owns 162,450 shares of the company’s stock valued at $2,061,000 after buying an additional 89,227 shares in the last quarter. SG Americas Securities LLC bought a new position in Enviri during the fourth quarter valued at about $11,514,000. Pertento Partners LLP bought a new position in Enviri during the third quarter valued at about $43,542,000. Credit Industriel ET Commercial bought a new position in Enviri during the fourth quarter valued at about $2,330,000. Finally, Carlson Capital L.P. bought a new position in Enviri during the fourth quarter valued at about $627,000. 93.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Peter Francis Minan bought 8,333 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $19.25 per share, with a total value of $160,410.25. Following the completion of the transaction, the chief financial officer directly owned 16,434 shares in the company, valued at $316,354.50. This represents a 102.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NVRI has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price target on shares of Enviri in a research report on Wednesday, February 25th. Wall Street Zen raised Enviri to a “hold” rating in a research report on Saturday, June 13th. Finally, BMO Capital Markets raised their price target on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.25.

Enviri Trading Up 1.5%

Shares of NYSE:NVRI opened at $21.13 on Thursday. The company has a market cap of $593.81 million, a P/E ratio of -10.16 and a beta of 1.59. The stock’s 50-day moving average is $19.74 and its 200-day moving average is $18.94. Enviri Corporation has a 52-week low of $7.70 and a 52-week high of $21.91. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.86 and a current ratio of 1.13.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.36. The company had revenue of $549.80 million for the quarter, compared to the consensus estimate of $465.37 million. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The firm’s revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted ($0.18) earnings per share. Equities research analysts predict that Enviri Corporation will post -0.45 earnings per share for the current year.

Enviri Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 1st. Investors of record on Friday, January 1st were given a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.

Enviri Profile

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.