Trium Capital LLP Makes New Investment in Profire Energy, Inc. (NASDAQ:PFIE)

Trium Capital LLP bought a new stake in Profire Energy, Inc. (NASDAQ:PFIE) in the fourth quarter, Holdings Channel reports. The institutional investor bought 904,058 shares of the oil and gas company’s stock, valued at approximately $2,296,000. Profire Energy makes up about 0.3% of Trium Capital LLP’s portfolio, making the stock its 9th biggest holding.

Several other hedge funds have also made changes to their positions in the business. Jane Street Group LLC increased its stake in Profire Energy by 359.3% in the 3rd quarter. Jane Street Group LLC now owns 48,870 shares of the oil and gas company’s stock valued at $82,000 after buying an additional 38,230 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in Profire Energy by 5.6% during the second quarter. Pacific Ridge Capital Partners LLC now owns 1,739,715 shares of the oil and gas company’s stock worth $2,470,000 after purchasing an additional 91,941 shares in the last quarter. Virtu Financial LLC acquired a new stake in Profire Energy in the third quarter valued at about $46,000. Finally, Royce & Associates LP increased its position in 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 purchasing an additional 20,000 shares during the period. Institutional investors and hedge funds own 38.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PFIE. StockNews.com began coverage on Profire Energy in a research note on Saturday, January 11th. They issued a “buy” rating on the stock. Lake Street Capital reiterated a “hold” rating and issued a $2.55 price target on shares of Profire Energy in a report on Wednesday, October 30th.

Profire Energy Price Performance

NASDAQ PFIE opened at $2.54 on Friday. The business has a 50 day moving average price of $2.53 and a 200 day moving average price of $1.99. The company has a market capitalization of $117.35 million, a P/E ratio of 14.11 and a beta of 0.45. Profire Energy, Inc. has a 1-year low of $1.33 and a 1-year high of $2.56.

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.