Mirador Capital Partners LP Increases Stock Holdings in Performant Financial Corp (NASDAQ:PFMT)

Mirador Capital Partners LP raised its stake in Performant Financial Corp (NASDAQ:PFMT) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,445 shares of the business services provider’s stock after purchasing an additional 25,762 shares during the period. Mirador Capital Partners LP’s holdings in Performant Financial were worth $202,000 as of its most recent SEC filing.

A number of research analysts have recently issued reports on PFMT shares. William Blair reaffirmed a “market perform” rating on shares of Performant Financial in a research report on Monday, August 19th. Zacks Investment Research cut shares of Performant Financial from a “hold” rating to a “sell” rating in a research note on Friday. Finally, ValuEngine upgraded shares of Performant Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd.

PFMT stock remained flat at $$1.13 during trading on Friday. 2,425 shares of the company were exchanged, compared to its average volume of 7,653. The business has a fifty day simple moving average of $1.23 and a 200-day simple moving average of $1.70. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.90. Performant Financial Corp has a one year low of $1.00 and a one year high of $2.86.

Performant Financial (NASDAQ:PFMT) last released its earnings results on Tuesday, August 13th. The business services provider reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The company had revenue of $35.83 million during the quarter, compared to analyst estimates of $36.20 million. Performant Financial had a negative return on equity of 32.75% and a negative net margin of 20.11%. On average, equities research analysts expect that Performant Financial Corp will post -0.41 earnings per share for the current year.

Performant Financial Profile

Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry serving guaranty agencies, private financial institutions, and the Department of Education; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs.

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Institutional Ownership by Quarter for Performant Financial (NASDAQ:PFMT)

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