Union Square Park Capital Management LLC acquired a new position in PFSweb, Inc. (NASDAQ:PFSW – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,953 shares of the business services provider’s stock, valued at approximately $110,000. PFSweb makes up about 0.2% of Union Square Park Capital Management LLC’s holdings, making the stock its 23rd largest holding. Union Square Park Capital Management LLC owned about 0.11% of PFSweb as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of PFSW. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in PFSweb by 87.6% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 85,650 shares of the business services provider’s stock worth $363,000 after purchasing an additional 40,000 shares in the last quarter. Voss Capital LLC raised its holdings in shares of PFSweb by 56.6% in the first quarter. Voss Capital LLC now owns 2,278,962 shares of the business services provider’s stock worth $9,663,000 after buying an additional 823,831 shares during the last quarter. Corsair Capital Management L.P. acquired a new stake in shares of PFSweb during the first quarter worth $180,000. BNP Paribas Arbitrage SA purchased a new stake in shares of PFSweb during the second quarter valued at $49,000. Finally, UBS Group AG increased its position in shares of PFSweb by 628.8% in the 4th quarter. UBS Group AG now owns 7,288 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 6,288 shares during the period. Hedge funds and other institutional investors own 76.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on PFSweb in a research note on Thursday, August 17th. They set a “hold” rating on the stock.
PFSweb Stock Performance
NASDAQ PFSW traded up $0.12 during trading hours on Monday, reaching $5.03. The stock had a trading volume of 3,254 shares, compared to its average volume of 109,200. PFSweb, Inc. has a 52-week low of $3.80 and a 52-week high of $11.45. The stock has a fifty day moving average of $4.68 and a 200 day moving average of $4.56. The stock has a market cap of $114.41 million, a P/E ratio of -17.86 and a beta of 1.55.
PFSweb (NASDAQ:PFSW – Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.01 EPS for the quarter. The business had revenue of $67.92 million for the quarter. PFSweb had a negative net margin of 2.12% and a negative return on equity of 2.61%.
PFSweb, Inc, together with its subsidiaries, provides omni-channel commerce solutions in the United States, Belgium, the United Kingdom, Canada, and India. The company offers order to cash service, which provides distributed order orchestration and payment processing; order fulfillment services; contact center services that are focused on providing essential services, such as order entry, returns authorization, product inquiry, and order tracking, as well as iCommerce Agent, an application where agents provides customer service functions, such as placing orders, checking order status, facilitating returns, initiating upsell and cross sell, managing escalations, and gathering voice of the customer information.
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