Enviri Co. (NYSE:NVRI) CEO Purchases $189,750.00 in Stock

Enviri Co. (NYSE:NVRI) CEO F Nicholas Grasberger III acquired 25,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were purchased at an average cost of $7.59 per share, with a total value of $189,750.00. Following the completion of the purchase, the chief executive officer now directly owns 837,901 shares of the company’s stock, valued at $6,359,668.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Enviri Price Performance

NVRI stock opened at $7.80 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. Enviri Co. has a 12 month low of $5.64 and a 12 month high of $10.01. The stock has a market cap of $624.78 million, a PE ratio of -6.61 and a beta of 2.10. The company has a 50-day moving average price of $8.25 and a 200 day moving average price of $7.82.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. Enviri had a negative net margin of 4.35% and a negative return on equity of 0.99%. The company had revenue of $600.00 million for the quarter, compared to analyst estimates of $509.77 million. During the same period in the prior year, the company posted ($0.11) EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Enviri Co. will post 0.01 earnings per share for the current year.

Institutional Trading of Enviri

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new stake in Enviri in the 4th quarter worth about $65,000. Tower Research Capital LLC TRC purchased a new stake in Enviri in the 4th quarter worth about $87,000. Aigen Investment Management LP purchased a new position in shares of Enviri during the fourth quarter worth approximately $92,000. SG Americas Securities LLC purchased a new position in shares of Enviri during the first quarter worth approximately $100,000. Finally, Diversified Trust Co purchased a new position in shares of Enviri during the fourth quarter worth approximately $104,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

Enviri Company Profile

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.