GatePass Capital LLC Has $318,000 Holdings in Perma-Fix Environmental Services, Inc. $PESI

GatePass Capital LLC cut its holdings in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) by 54.1% in the first quarter, HoldingsChannel reports. The firm owned 29,742 shares of the industrial products company’s stock after selling 35,000 shares during the period. GatePass Capital LLC’s holdings in Perma-Fix Environmental Services were worth $318,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Potomac Capital Management Inc. bought a new position in Perma-Fix Environmental Services during the fourth quarter valued at about $4,303,000. Rothschild Wealth LLC bought a new stake in shares of Perma-Fix Environmental Services during the 4th quarter worth about $2,094,000. North Star Investment Management Corp. increased its holdings in shares of Perma-Fix Environmental Services by 2,639.4% during the 1st quarter. North Star Investment Management Corp. now owns 120,532 shares of the industrial products company’s stock valued at $1,288,000 after acquiring an additional 116,132 shares during the last quarter. Mak Capital One LLC increased its holdings in shares of Perma-Fix Environmental Services by 12.6% during the 4th quarter. Mak Capital One LLC now owns 918,673 shares of the industrial products company’s stock valued at $11,566,000 after acquiring an additional 103,097 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Perma-Fix Environmental Services by 147.8% in the 4th quarter. Jane Street Group LLC now owns 144,239 shares of the industrial products company’s stock valued at $1,816,000 after acquiring an additional 86,038 shares in the last quarter. 25.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PESI has been the subject of several analyst reports. Wall Street Zen lowered Perma-Fix Environmental Services from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. Weiss Ratings upgraded Perma-Fix Environmental Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Perma-Fix Environmental Services Stock Up 13.6%

Perma-Fix Environmental Services stock opened at $17.46 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.25 and a quick ratio of 1.17. Perma-Fix Environmental Services, Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $18.40. The firm has a fifty day moving average price of $11.42 and a two-hundred day moving average price of $12.63. The firm has a market cap of $370.15 million, a price-to-earnings ratio of -18.19 and a beta of 0.45.

Perma-Fix Environmental Services (NASDAQ:PESI) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). The business had revenue of $11.13 million during the quarter, compared to analyst estimates of $12.95 million. Perma-Fix Environmental Services had a negative net margin of 30.06% and a negative return on equity of 28.55%.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc (NASDAQ: PESI) is a specialized provider of environmental and nuclear waste management solutions. The company offers a comprehensive suite of services, including treatment, recycling, processing, volume reduction and disposal of hazardous, radioactive and mixed wastes. Its capabilities span thermal, chemical and physical treatment technologies, supported by a network of licensed facilities designed to handle complex waste streams.

Founded in 1994 and headquartered in Atlanta, Georgia, Perma-Fix has grown both organically and through strategic acquisitions.