Profire Energy, Inc. (PFIE) CEO Sells $76,161.12 in Stock
Profire Energy, Inc. (NASDAQ:PFIE) CEO Brenton W. Hatch sold 57,264 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $1.33, for a total transaction of $76,161.12. Following the sale, the chief executive officer now directly owns 14,050,000 shares in the company, valued at approximately $18,686,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Profire Energy, Inc. (NASDAQ:PFIE) traded down 1.50% during trading on Friday, hitting $1.31. 63,144 shares of the stock were exchanged. The stock’s 50 day moving average price is $1.43 and its 200 day moving average price is $1.32. Profire Energy, Inc. has a one year low of $0.85 and a one year high of $1.72. The stock’s market cap is $66.34 million.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northpointe Capital LLC boosted its position in shares of Profire Energy by 21.0% in the third quarter. Northpointe Capital LLC now owns 2,278,816 shares of the oil and gas company’s stock valued at $2,826,000 after buying an additional 394,998 shares in the last quarter. Royce & Associates LP boosted its position in shares of Profire Energy by 3.3% in the fourth quarter. Royce & Associates LP now owns 3,117,041 shares of the oil and gas company’s stock valued at $4,302,000 after buying an additional 100,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Profire Energy by 49.4% in the fourth quarter. Renaissance Technologies LLC now owns 314,000 shares of the oil and gas company’s stock valued at $433,000 after buying an additional 103,800 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. purchased a new position in shares of Profire Energy during the fourth quarter valued at $187,000. Finally, Perkins Capital Management Inc. boosted its position in shares of Profire Energy by 37.4% in the first quarter. Perkins Capital Management Inc. now owns 525,606 shares of the oil and gas company’s stock valued at $741,000 after buying an additional 143,125 shares in the last quarter. 16.27% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on PFIE shares. Chardan Capital reissued a “buy” rating and set a $2.15 price objective (up previously from $2.00) on shares of Profire Energy in a report on Monday, March 13th. Zacks Investment Research lowered shares of Profire Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 11th.
About Profire Energy
Profire Energy, Inc is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels.
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