Enviri (NYSE:NVRI) Trading Up 4.5% on Insider Buying Activity

Enviri Co. (NYSE:NVRI)’s share price shot up 4.5% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $6.44 and last traded at $6.65. 376,809 shares changed hands during trading, a decline of 34% from the average session volume of 571,714 shares. The stock had previously closed at $6.36.

Specifically, CFO Tom George Vadaketh acquired 40,297 shares of the stock in a transaction on Friday, March 14th. The shares were bought at an average price of $6.20 per share, with a total value of $249,841.40. Following the acquisition, the chief financial officer now owns 132,431 shares of the company’s stock, valued at $821,072.20. This trade represents a 43.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Russell C. Hochman acquired 40,127 shares of the stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the acquisition, the senior vice president now directly owns 120,357 shares in the company, valued at $754,638.39. This represents a 50.01 % increase in their position. The disclosure for this purchase can be found here.

Enviri Stock Performance

The stock’s 50-day moving average price is $8.02 and its 200-day moving average price is $8.53. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. The company has a market capitalization of $541.84 million, a price-to-earnings ratio of -4.25 and a beta of 2.19.

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

Institutional Investors Weigh In On Enviri

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. lifted its position in shares of Enviri by 30.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company’s stock valued at $37,156,000 after acquiring an additional 1,127,647 shares during the period. Neuberger Berman Group LLC raised its position in shares of Enviri by 3.4% during the 4th quarter. Neuberger Berman Group LLC now owns 4,746,964 shares of the company’s stock worth $36,530,000 after purchasing an additional 155,146 shares during the last quarter. Paradigm Capital Management Inc. NY raised its position in shares of Enviri by 14.4% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company’s stock worth $34,464,000 after purchasing an additional 563,100 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Enviri by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,468,989 shares of the company’s stock worth $34,411,000 after purchasing an additional 191,777 shares during the last quarter. Finally, State Street Corp raised its position in shares of Enviri by 0.5% during the 3rd quarter. State Street Corp now owns 2,988,970 shares of the company’s stock worth $30,906,000 after purchasing an additional 13,902 shares during the last quarter. 93.43% of the stock is currently owned by institutional investors and hedge funds.

About Enviri

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.