Enviri (NYSE:NVRI) Trading 5.9% Higher on Insider Buying Activity

Enviri Co. (NYSE:NVRI) was up 5.9% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $8.13 and last traded at $8.13. Approximately 163,041 shares were traded during trading, a decline of 60% from the average daily volume of 405,940 shares. The stock had previously closed at $7.68.

Specifically, CEO F Nicholas Grasberger III acquired 25,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were bought at an average price of $7.59 per share, with a total value of $189,750.00. Following the transaction, the chief executive officer now directly owns 837,901 shares of the company’s stock, valued at approximately $6,359,668.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Enviri Stock Up 6.1 %

The company has a quick ratio of 1.03, a current ratio of 1.36 and a debt-to-equity ratio of 2.65. The stock has a market cap of $652.82 million, a P/E ratio of -6.51 and a beta of 2.10. The company’s 50 day moving average price is $8.25 and its two-hundred day moving average price is $7.81.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. The business had revenue of $600.00 million during the quarter, compared to analyst estimates of $509.77 million. During the same period in the previous year, the company posted ($0.11) EPS. Enviri’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts expect that Enviri Co. will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVRI. Dimensional Fund Advisors LP purchased a new stake in shares of Enviri during the 4th quarter worth $31,477,000. Charles Schwab Investment Management Inc. bought a new position in Enviri in the fourth quarter worth about $14,968,000. Leeward Investments LLC MA purchased a new stake in shares of Enviri during the fourth quarter valued at about $4,175,000. Principal Financial Group Inc. bought a new stake in shares of Enviri in the 4th quarter valued at about $3,744,000. Finally, Federated Hermes Inc. purchased a new position in shares of Enviri in the 4th quarter worth approximately $3,511,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Company Profile

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.