StockNews.com started coverage on shares of Profire Energy (NASDAQ:PFIE – Free Report) in a research report released on Saturday. The brokerage issued a buy rating on the oil and gas company’s stock.
Separately, Lake Street Capital restated a “hold” rating and issued a $2.55 target price on shares of Profire Energy in a report on Wednesday, October 30th.
Check Out Our Latest Analysis on PFIE
Profire Energy Price Performance
Hedge Funds Weigh In On Profire Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in Profire Energy in the third quarter valued at $46,000. Jane Street Group LLC boosted its position in shares of Profire Energy by 359.3% during the 3rd quarter. Jane Street Group LLC now owns 48,870 shares of the oil and gas company’s stock worth $82,000 after acquiring an additional 38,230 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Profire Energy by 5.6% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,739,715 shares of the oil and gas company’s stock valued at $2,470,000 after acquiring an additional 91,941 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Profire Energy by 1.0% during the 3rd quarter. Royce & Associates LP now owns 2,032,361 shares of the oil and gas company’s stock worth $3,414,000 after acquiring an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.
About Profire Energy
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.
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