Performant Financial (NASDAQ:PFMT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Performant Financial (NASDAQ:PFMTGet Rating) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

Separately, TheStreet lowered Performant Financial from a c- rating to a d+ rating in a research report on Tuesday, August 16th.

Performant Financial Stock Up 1.7 %

Shares of NASDAQ:PFMT opened at $2.40 on Monday. Performant Financial has a 1 year low of $1.72 and a 1 year high of $3.41. The business has a 50 day simple moving average of $2.07 and a two-hundred day simple moving average of $2.29. The firm has a market capitalization of $178.27 million, a PE ratio of -20.00 and a beta of -0.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.22 and a quick ratio of 4.22.

Institutional Trading of Performant Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mirador Capital Partners LP increased its position in shares of Performant Financial by 32.5% during the first quarter. Mirador Capital Partners LP now owns 1,327,930 shares of the business services provider’s stock worth $4,130,000 after purchasing an additional 326,045 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its position in shares of Performant Financial by 10.5% during the first quarter. Prescott Group Capital Management L.L.C. now owns 15,454,704 shares of the business services provider’s stock worth $48,064,000 after purchasing an additional 1,471,659 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Performant Financial by 113.1% during the first quarter. First Eagle Investment Management LLC now owns 383,453 shares of the business services provider’s stock worth $1,193,000 after purchasing an additional 203,552 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Performant Financial during the first quarter worth $61,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Performant Financial by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 255,499 shares of the business services provider’s stock worth $795,000 after purchasing an additional 11,317 shares in the last quarter. Institutional investors own 61.34% of the company’s stock.

Performant Financial Company Profile

(Get Rating)

Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services to the clients in Federal guaranteed student loan program and private institutions; identifies and tracks defaulted borrowers across its clients' portfolios of student loans; rehabilitates and recovers past due student loans; provides tax recovery services to federal, state and municipal agencies; recovers government debt for various federal agencies; and offers audit and recovery services to identify improper healthcare payments for public and private healthcare clients.

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