Diamond Hill Capital Management Inc. Makes New $3.07 Million Investment in Perma-Fix Environmental Services, Inc. (NASDAQ:PESI)

Diamond Hill Capital Management Inc. bought a new position in shares of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 249,756 shares of the industrial products company’s stock, valued at approximately $3,065,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of Perma-Fix Environmental Services during the second quarter worth $110,000. Rhumbline Advisers bought a new stake in shares of Perma-Fix Environmental Services during the second quarter worth $134,000. Fermata Advisors LLC grew its stake in shares of Perma-Fix Environmental Services by 22.9% during the second quarter. Fermata Advisors LLC now owns 15,086 shares of the industrial products company’s stock worth $153,000 after buying an additional 2,811 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Perma-Fix Environmental Services in the third quarter worth $198,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Perma-Fix Environmental Services in the second quarter worth $338,000. Institutional investors own 25.52% of the company’s stock.

Perma-Fix Environmental Services Stock Performance

Shares of Perma-Fix Environmental Services stock opened at $14.92 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. Perma-Fix Environmental Services, Inc. has a twelve month low of $6.51 and a twelve month high of $16.25. The stock has a market cap of $235.74 million, a price-to-earnings ratio of -29.82 and a beta of 0.48. The company’s fifty day moving average is $12.70 and its 200 day moving average is $11.37.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Perma-Fix Environmental Services to a “sell” rating in a research note on Saturday.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc, through its subsidiaries, operates as an environmental and technology know-how company in the United States. The company through Treatment and Services segments. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities.