Enviri (NYSE:NVRI) is trading 5.9% higher after insider buying

The stock price of Enviri Co. (NYSE:NVRI – Get Free Report) rose 5.9% in afternoon trading on Tuesday due to insider buying activity. The company traded at $8.13 and last traded at $8.13. About 163,041 shares traded during trading, a decline of 60% from the average daily volume of 405,940 shares. The stock previously closed at $7.68.

Specifically, CEO F Nicholas Grasberger III purchased 25,000 Enviri shares in a transaction that took place on Monday, May 6. The shares were purchased at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the completion of the acquisition, the CEO now owns 837,901 shares of the company’s stock, valued at approximately $6,359,668.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the shares are owned by company insiders.

Enviri stock performance

The stock has a market cap of $636.80 million, a price-to-earnings ratio of -6.74 and a beta of 2.10. The stock’s 50-day simple moving average is $8.25 and its 200-day simple moving average is $7.82. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.36 and a quick ratio of 1.03.

Enviri (NYSE:NVRI – Get Free Report) last reported its quarterly results on Thursday, May 2. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The company had revenue of $600.00 million for the quarter, compared to analyst estimates of $509.77 million. Enviri had a negative net margin of 4.35% and a negative return on equity of 0.99%. Enviri’s quarterly revenue increased 7.0% year over year. During the same quarter of the previous year, the company earned ($0.11) earnings per share. Research analysts expect Enviri Co. will record a profit per share of 0.01 for the current financial year.

Institutional trading in Enviri

Institutional investors have recently increased or decreased their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in Enviri worth approximately $65,000 during the fourth quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Enviri during the 4th quarter valued at $87,000. Aigen Investment Management LP bought a new position in shares of Enviri in the fourth quarter valued at $92,000. SG Americas Securities LLC acquired a new position in Enviri during the first quarter worth approximately $100,000. Finally, Diversified Trust Co bought a new stake in Enviri worth approximately $104,000 in the fourth quarter. 93.43% of the shares are currently held by institutional investors.

Enviri company profile

(Get a free report)

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 provides on-site services under long-term contracts for materials logistics, product quality improvement and resource recovery for iron, steel and metals production; produces and sells industrial abrasives, roofing granules, aluminum slag and scrap processing systems; and smelter and furnace services, such as cleaning the bottom of ships, removing ladle slag and general smelter waste.

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