Enviri (NYSE:NVRI) Trading Up 5.9% After Insider Buying Activity

Enviri Co. (NYSE:NVRI) shares were up 5.9% during mid-day trading on Tuesday following insider buying activity. The company traded as high as $8.13 and last traded at $8.13. Approximately 163,041 shares traded hands during trading, a decline of 60% from the average daily volume of 405,940 shares. The stock had previously closed at $7.68.

Specifically, CEO F Nicholas Grasberger III bought 25,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were acquired at an average cost of $7.59 per share, with a total value of $189,750.00. Following the purchase, the chief executive officer now directly owns 837,901 shares of the company’s stock, valued at approximately $6,359,668.59. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by company insiders.

Enviri Stock Performance

The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.36. The firm’s 50-day moving average price is $8.25 and its two-hundred day moving average price is $7.82. The stock has a market cap of $636.80 million, a price-to-earnings ratio of -6.74 and a beta of 2.10.

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

Institutional Investors Weigh In On Enviri

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new position in shares of Enviri during the 4th quarter worth $65,000. Tower Research Capital LLC TRC acquired a new position in shares of Enviri in the 4th quarter worth approximately $87,000. Aigen Investment Management LP purchased a new position in shares of Enviri during the 4th quarter worth approximately $92,000. SG Americas Securities LLC acquired a new stake in Enviri in the 1st quarter valued at approximately $100,000. Finally, Diversified Trust Co purchased a new stake in shares of Enviri in the 4th quarter valued at $104,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

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.