Perritt Capital Management Inc Grows Stake in Profire Energy, Inc. (NASDAQ:PFIE)

Perritt Capital Management Inc boosted its stake in Profire Energy, Inc. (NASDAQ:PFIE) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,800 shares of the oil and gas company’s stock after buying an additional 14,720 shares during the quarter. Perritt Capital Management Inc’s holdings in Profire Energy were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Perkins Capital Management Inc. lifted its position in shares of Profire Energy by 0.9% in the first quarter. Perkins Capital Management Inc. now owns 945,520 shares of the oil and gas company’s stock valued at $1,749,000 after acquiring an additional 8,788 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Profire Energy by 16.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock valued at $325,000 after purchasing an additional 24,376 shares in the last quarter. Advisor Resource Council acquired a new stake in Profire Energy during the 2nd quarter worth $38,000. Williams & Novak LLC purchased a new stake in shares of Profire Energy during the second quarter worth $46,000. Finally, Everett Harris & Co. CA raised its position in shares of Profire Energy by 4.0% in the first quarter. Everett Harris & Co. CA now owns 1,484,591 shares of the oil and gas company’s stock valued at $2,746,000 after buying an additional 57,020 shares during the last quarter. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Profire Energy Price Performance

PFIE stock opened at $1.42 on Thursday. Profire Energy, Inc. has a 1 year low of $1.33 and a 1 year high of $3.29. The firm has a market capitalization of $66.88 million, a PE ratio of 7.10 and a beta of 0.51. The business has a 50 day simple moving average of $1.62 and a 200-day simple moving average of $1.62.

Profire Energy (NASDAQ:PFIE) last issued its earnings results on Wednesday, August 7th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $15.16 million during the quarter. Profire Energy had a return on equity of 15.34% and a net margin of 15.22%. During the same period last year, the business earned $0.06 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Profire Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th.

Profire Energy Company Profile

Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.