Insider Buying: Enviri Co. (NYSE:NVRI) CFO Purchases 40,297 Shares of Stock

Enviri Co. (NYSE:NVRI) CFO Tom George Vadaketh acquired 40,297 shares of Enviri stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average cost of $6.20 per share, with a total value of $249,841.40. Following the purchase, the chief financial officer now directly owns 132,431 shares of the company’s stock, valued at $821,072.20. This represents a 43.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Enviri Stock Up 3.8 %

NYSE:NVRI traded up $0.24 during trading hours on Tuesday, reaching $6.60. The company’s stock had a trading volume of 1,710,496 shares, compared to its average volume of 575,185. The company has a market capitalization of $529.33 million, a P/E ratio of -4.15 and a beta of 2.19. Enviri Co. has a 12 month low of $5.67 and a 12 month high of $12.79. 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 stock has a 50 day moving average price of $8.09 and a two-hundred day moving average price of $8.58.

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

Hedge Funds Weigh In On Enviri

Several institutional investors and hedge funds have recently bought and sold shares of NVRI. FMR LLC grew its holdings in Enviri by 34.4% in 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 last quarter. Dark Forest Capital Management LP purchased a new position in Enviri in the fourth quarter worth $78,000. Envestnet Asset Management Inc. purchased a new position in Enviri in the fourth quarter worth $86,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in Enviri by 17.1% in 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 last quarter. Finally, AXQ Capital LP purchased a new position in Enviri in the fourth quarter worth $88,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

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.