Insider Buying: Enviri Co. (NYSE:NVRI) SVP Purchases 40,127 Shares of Stock

Enviri Co. (NYSE:NVRI) SVP Russell C. Hochman bought 40,127 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $6.27 per share, with a total value of $251,596.29. Following the completion of the transaction, the senior vice president now owns 120,357 shares in the company, valued at approximately $754,638.39. This trade represents a 50.01 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Enviri Price Performance

Shares of NYSE:NVRI traded up $0.24 during trading on Tuesday, reaching $6.60. 1,710,496 shares of the company traded hands, compared to its average volume of 575,185. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. Enviri Co. has a 52 week low of $5.67 and a 52 week high of $12.79. The firm has a market capitalization of $529.33 million, a PE ratio of -4.15 and a beta of 2.19. The company’s 50 day moving average is $8.09 and its two-hundred day moving average is $8.58.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The business had revenue of $558.71 million during the quarter, compared to analysts’ expectations of $578.98 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. As a group, sell-side analysts predict that Enviri Co. will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On Enviri

A number of institutional investors have recently made changes to their positions in the stock. Graham Capital Management L.P. grew its position in shares of Enviri by 8.7% in the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company’s stock valued at $139,000 after buying an additional 1,443 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Enviri by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company’s stock worth $347,000 after purchasing an additional 1,572 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in 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 purchasing an additional 1,631 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Enviri by 2.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company’s stock worth $606,000 after purchasing an additional 1,751 shares during the period. Finally, FMR LLC grew its stake in 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 period. Institutional investors own 93.43% of the company’s stock.

Enviri Company Profile

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.