2 weeks Ago By ABMN Staff
Rhumbline Advisers grew its position in shares of Performant Financial Co. ( NASDAQ:PFMT – Free Report ) by 32.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 84,953 shares of the business services provider’s stock after purchasing an additional 20,637 shares during the period. Rhumbline Advisers owned approximately 0.11% of Performant Financial worth $246,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of PFMT. BNP Paribas Financial Markets grew its holdings in shares of Performant Financial by 170.0% during the 1st quarter.
BNP Paribas Financial Markets now owns 50,358 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 31,710 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Performant Financial by 18.4% during the 2nd quarter.
Bank of New York Mellon Corp now owns 200,208 shares of the business services provider’s stock valued at $581,000 after purchasing an additional 31,075 shares in the last quarter. Kent Lake Capital LLC bought a new position in Performant Financial in the first quarter worth about $588,000. Greenwood Capital Associates LLC lifted its holdings in Performant Financial by 40.
6% in the fourth quarter. Greenwood Capital Associates LLC now owns 244,697 shares of the business services provider’s stock worth $765,000 after buying an additional 70,682 shares during the period. Finally, Essex Investment Management Co.
LLC lifted its stake in shares of Performant Financial by 1.5% in the 1st quarter. Essex Investment Management Co.
LLC now owns 582,532 shares of the business services provider’s stock valued at $1,713,000 after purchasing an additional 8,753 shares during the period. Hedge funds and other institutional investors own 77.15% of the company’s stock.
Analysts Set New Price Targets Separately, B. Riley assumed coverage on Performant Financial in a research report on Thursday, July 25th. They issued a “buy” rating and a $8.
00 price target on the stock. Performant Financial Trading Down 0.8 % Shares of Performant Financial stock opened at $3.
70 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.
65 and a quick ratio of 2.65. The company’s fifty day simple moving average is $3.
60 and its 200-day simple moving average is $3.11. The stock has a market capitalization of $285.
60 million, a PE ratio of -41.11 and a beta of 0.13.
Performant Financial Co. has a 1-year low of $2.00 and a 1-year high of $4.
04. Performant Financial ( NASDAQ:PFMT – Get Free Report ) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported ($0.
04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01.
The firm had revenue of $29.36 million during the quarter, compared to analyst estimates of $28.20 million.
Performant Financial had a negative return on equity of 8.11% and a negative net margin of 5.32%.
During the same quarter in the prior year, the company posted ($0.05) earnings per share. As a group, equities analysts anticipate that Performant Financial Co.
will post -0.11 earnings per share for the current year. Performant Financial Company Profile ( Free Report ) Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States.
The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services. See Also Want to see what other hedge funds are holding PFMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Performant Financial Co.
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