Enviri (NYSE:NVRI) Stock Price Up 5.9% Following Insider Buying Activity

Enviri Co. (NYSE:NVRI)’s stock price rose 5.9% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $8.13 and last traded at $8.13. Approximately 163,041 shares were traded during mid-day 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 that occurred on Monday, May 6th. The shares were bought at an average cost of $7.59 per share, with a total value of $189,750.00. Following the acquisition, the chief executive officer now owns 837,901 shares in the company, valued at $6,359,668.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company’s stock.

Enviri Price 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 fifty day moving average is $8.25 and its two-hundred day moving average is $7.82. The company has a market cap of $624.78 million, a P/E ratio of -6.61 and a beta of 2.10.

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

Institutional Trading of Enviri

Several hedge funds have recently bought and sold shares of NVRI. Diversified Trust Co purchased a new position in shares of Enviri in the fourth quarter valued at $104,000. Brookstone Capital Management purchased a new position in shares of Enviri in the 4th quarter worth $144,000. Legato Capital Management LLC bought a new stake in shares of Enviri in the 4th quarter worth about $1,212,000. D.B. Root & Company LLC purchased a new stake in shares of Enviri during the 4th quarter valued at about $477,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Enviri in the 4th quarter valued at about $442,000. Hedge funds and other institutional investors 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.