229,543 Shares in Enviri Co. (NYSE:NVRI) Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in Enviri Co. (NYSE:NVRI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 229,543 shares of the company’s stock, valued at approximately $2,066,000. Wolverine Asset Management LLC owned 0.29% of Enviri at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NVRI. Federated Hermes Inc. bought a new stake in shares of Enviri during the 4th quarter valued at $3,511,000. Legato Capital Management LLC bought a new stake in shares of Enviri during the 4th quarter valued at $1,212,000. New York State Teachers Retirement System bought a new stake in shares of Enviri during the 4th quarter valued at $1,182,000. Strs Ohio bought a new stake in shares of Enviri during the 4th quarter valued at $709,000. Finally, Venture Visionary Partners LLC bought a new stake in shares of Enviri during the 4th quarter valued at $632,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Price Performance

Shares of NVRI stock opened at $8.00 on Thursday. The company’s fifty day moving average price is $8.28 and its 200-day moving average price is $7.75. Enviri Co. has a one year low of $5.64 and a one year high of $10.01. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.13 and a current ratio of 1.26.

Enviri (NYSE:NVRI) last posted its earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. The company had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $493.30 million. Enviri had a negative net margin of 4.16% and a negative return on equity of 1.99%. Enviri’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $0.01 earnings per share. As a group, equities research analysts anticipate that Enviri Co. will post -0.13 EPS for the current year.

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.