F Nicholas Grasberger III Acquires 25,000 Shares of Enviri Co. (NYSE:NVRI) Stock

Enviri Co. (NYSE:NVRI) CEO F Nicholas Grasberger III purchased 25,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $7.59 per share, for a total transaction of $189,750.00. Following the purchase, the chief executive officer now owns 837,901 shares of the company’s stock, valued at $6,359,668.59. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Enviri Trading Up 3.5 %

NVRI stock opened at $7.95 on Wednesday. Enviri Co. has a 52 week low of $5.64 and a 52 week high of $10.01. The company has a market cap of $636.80 million, a price-to-earnings ratio of -6.74 and a beta of 2.10. The company has a quick ratio of 1.03, a current ratio of 1.36 and a debt-to-equity ratio of 2.65. The business has a fifty day simple moving average of $8.25 and a 200-day simple moving average of $7.82.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NVRI. PNC Financial Services Group Inc. purchased a new position in shares of Enviri in the 4th quarter valued at $65,000. Tower Research Capital LLC TRC purchased a new position in Enviri in the fourth quarter valued at about $87,000. Aigen Investment Management LP acquired a new position in shares of Enviri during the fourth quarter worth about $92,000. SG Americas Securities LLC purchased a new stake in shares of Enviri in the first quarter worth about $100,000. Finally, Diversified Trust Co acquired a new stake in shares of Enviri in the fourth quarter valued at about $104,000. 93.43% of the stock is owned by institutional investors and hedge funds.

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.