Insider Buying: Enviri Co. (NYSE:NVRI) SVP Buys 40,127 Shares of Stock

Enviri Co. (NYSE:NVRI) SVP Russell C. Hochman purchased 40,127 shares of the company’s stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $6.27 per share, for a total transaction of $251,596.29. Following the purchase, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Enviri Stock Performance

NVRI opened at $6.76 on Friday. The business’s 50-day moving average price is $7.99 and its two-hundred day moving average price is $8.51. Enviri Co. has a 1 year low of $5.67 and a 1 year high of $12.79. The company has a market capitalization of $541.84 million, a price-to-earnings ratio of -4.25 and a beta of 2.19. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99.

Enviri (NYSE:NVRI) last released its quarterly 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 return on equity of 0.90% and a negative net margin of 5.46%. The firm had revenue of $558.71 million for the quarter, compared to the consensus estimate of $578.98 million. During the same quarter last year, the business posted ($0.07) EPS. Equities analysts expect that Enviri Co. will post -0.13 EPS for the current fiscal year.

Institutional Trading of Enviri

Several hedge funds and other institutional investors have recently modified their holdings of the company. Graham Capital Management L.P. raised its stake in shares of Enviri by 8.7% in the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company’s stock valued at $139,000 after purchasing an additional 1,443 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Enviri by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company’s stock valued at $347,000 after acquiring an additional 1,572 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Enviri by 17.1% in the fourth 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 during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Enviri by 2.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company’s stock valued at $606,000 after acquiring an additional 1,751 shares during the last quarter. Finally, FMR LLC increased its position in shares of Enviri by 34.4% in the third quarter. FMR LLC now owns 7,069 shares of the company’s stock valued at $73,000 after acquiring an additional 1,809 shares during the last quarter. Institutional investors and hedge funds 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.