Enviri (NYSE:NVRI) Stock Price Up 4.5% Following Insider Buying Activity

Enviri Co. (NYSE:NVRI - Get Free Report)'s share price traded up 4.5% on Tuesday following insider buying activity. The stock traded as high as $6.44 and last traded at $6.65. 376,809 shares changed hands during trading, a decline of 34% from the average session volume of 571,714 shares. The stock had previously closed at $6.36.

Specifically, CFO Tom George Vadaketh bought 40,297 shares of the business's stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $6.20 per share, with a total value of $249,841.40. Following the purchase, the chief financial officer now directly owns 132,431 shares in the company, valued at $821,072.20. This trade represents a 43.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Russell C. Hochman bought 40,127 shares of the business's stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the completion of the purchase, the senior vice president now owns 120,357 shares in the company, valued at approximately $754,638.39. This trade represents a 50.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Enviri Stock Performance

The firm's 50 day simple moving average is $7.96 and its 200-day simple moving average is $8.48. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.99 and a current ratio of 1.25. The company has a market capitalization of $543.44 million, a price-to-earnings ratio of -4.26 and a beta of 2.19.

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

Institutional Trading of Enviri

Several large investors have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Enviri by 34.4% during the 3rd quarter. FMR LLC now owns 7,069 shares of the company's stock valued at $73,000 after acquiring an additional 1,809 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Enviri during the 4th quarter valued at $78,000. Envestnet Asset Management Inc. purchased a new position in shares of Enviri during the 4th quarter valued at $86,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock valued at $86,000 after acquiring an additional 1,631 shares in the last quarter. Finally, AXQ Capital LP purchased a new position in shares of Enviri during the 4th quarter valued at $88,000. 93.43% of the stock is owned by institutional investors and hedge funds.

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.