Vanguard Group Inc. increased its position in shares of Profire Energy, Inc. (NASDAQ:PFIE – Free Report) by 17.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,604,221 shares of the oil and gas company’s stock after purchasing an additional 235,664 shares during the period. Vanguard Group Inc. owned about 3.41% of Profire Energy worth $2,968,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. AMH Equity Ltd acquired a new stake in Profire Energy during the fourth quarter worth $690,000. Navellier & Associates Inc. boosted its position in shares of Profire Energy by 55.5% during the 4th quarter. Navellier & Associates Inc. now owns 472,151 shares of the oil and gas company’s stock valued at $855,000 after acquiring an additional 168,586 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Profire Energy by 4.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,647,774 shares of the oil and gas company’s stock valued at $3,048,000 after acquiring an additional 64,304 shares during the period. Everett Harris & Co. CA raised its position in Profire Energy by 4.0% in the first quarter. Everett Harris & Co. CA now owns 1,484,591 shares of the oil and gas company’s stock worth $2,746,000 after purchasing an additional 57,020 shares in the last quarter. Finally, Perkins Capital Management Inc. lifted its stake in Profire Energy by 0.9% during the first quarter. Perkins Capital Management Inc. now owns 945,520 shares of the oil and gas company’s stock worth $1,749,000 after purchasing an additional 8,788 shares during the period. 38.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Profire Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th.
View Our Latest Analysis on PFIE
Profire Energy Stock Performance
PFIE opened at $1.58 on Monday. The firm has a market cap of $73.99 million, a price-to-earnings ratio of 7.90 and a beta of 0.50. The firm’s 50-day simple moving average is $1.53 and its 200-day simple moving average is $1.59. Profire Energy, Inc. has a twelve month low of $1.33 and a twelve month high of $3.29.
Profire Energy (NASDAQ:PFIE – Get Free Report) last announced its earnings results on Wednesday, August 7th. The oil and gas company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Profire Energy had a net margin of 15.22% and a return on equity of 15.34%. The company had revenue of $15.16 million during the quarter. During the same period in the prior year, the firm posted $0.06 earnings per share.
About Profire Energy
Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.
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