Insider Buying: Enviri Co. (NYSE:NVRI) SVP Buys $251,596.29 in Stock

Enviri Co. (NYSE:NVRI) SVP Russell C. Hochman purchased 40,127 shares of Enviri stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the transaction, the senior vice president now directly owns 120,357 shares in the company, valued at $754,638.39. The trade was a 50.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Enviri Stock Down 1.7 %

NYSE:NVRI opened at $6.76 on Friday. Enviri Co. has a 12-month low of $5.67 and a 12-month high of $12.79. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The firm has a market capitalization of $541.84 million, a P/E ratio of -4.25 and a beta of 2.19. The stock’s fifty day simple moving average is $7.99 and its 200-day simple moving average is $8.51.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.05. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The business had revenue of $558.71 million for the quarter, compared to analyst estimates of $578.98 million. During the same period last year, the company earned ($0.07) EPS. Equities research analysts expect that Enviri Co. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NVRI. Mackenzie Financial Corp raised its stake in Enviri by 122.1% during the 4th quarter. Mackenzie Financial Corp now owns 107,767 shares of the company’s stock worth $830,000 after buying an additional 59,251 shares during the period. Paradigm Capital Management Inc. NY raised its stake in Enviri by 14.4% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company’s stock worth $34,464,000 after buying an additional 563,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Enviri by 10.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,073 shares of the company’s stock worth $1,471,000 after buying an additional 18,292 shares during the period. Squarepoint Ops LLC raised its stake in Enviri by 266.9% during the 4th quarter. Squarepoint Ops LLC now owns 65,949 shares of the company’s stock worth $508,000 after buying an additional 47,974 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock worth $86,000 after buying an additional 1,631 shares during the period. 93.43% of the stock is currently owned by institutional investors.

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.