Performant Financial Corporation (PFMT) held by 12 SEC 13F Filers

Performant Financial Corporation (NASDAQ:PFMT) recovered 29.33% of its value since hitting low of $1.50. The recent move of 20.5% gain helped the stock to close at $1.94 when trading ended on 01/11/2018. At recent session, the prices were hovering between $1.614 and $2.07. This company shares are 28.87% off its target price of $2.5 and the current market capitalization stands at $98.65M. The recent change has given its price a 10.34% lead over SMA 50 and -35.33% deficit over its 52-week high. The stock witnessed 7.78% gains, 1.04% gains and 0.52% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PFMT’s volatility during a week at 11.03% and during a month it has been found around 6.78%.

Performant Financial Corporation (PFMT) Top Holders

Institutional investors currently hold around $45 million or 56.2% in PFMT stock. Look at its top three institutional owners. Invesco Ltd. owns $14.24 million in Performant Financial Corporation, which represents roughly 14.43% of the company’s market cap and approximately 31.64% of the institutional ownership. Similar statistics are true for the second largest owner, Prescott Group Capital Management, L.L.C., which owns 4,980,143 shares of the stock are valued at $8.02 million. The third largest holder is Philadelphia Financial Management Of San Francisco, Llc, which currently holds $5.98 million worth of this stock and that ownership represents nearly 6.06% of its market capitalization.

Performant Financial Corporation 13F Filings

At the end of 09/30/2017 reporting period, 9 institutional holders increased their position in Performant Financial Corporation (NASDAQ:PFMT) by some 177,735 shares, 18 decreased positions by 219,077 and 12 held positions by 27,364,370. That puts total institutional holdings at 27,761,182 shares, according to SEC filings. The stock grabbed 3 new institutional investments totaling 22,371 shares while 7 institutional investors sold out their entire positions totaling 75,902 shares.

Performant Financial Corporation (NASDAQ:PFMT) Insider Trades

Multiple company employees have indulged in significant insider trading. Performant Financial Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Im Lisa has sold 40,450 shares of Performant Financial Corporation (PFMT) in trading session dated Jan. 08, 2018. These shares are worth $64,720 and were traded at $1.6 each. The SEC filing shows that Im Lisa performed a purchase of 10,800 shares. The CEO added these shares by way of transaction on Mar. 03, 2015. The company’s shares were assimilated at $4.62 per share worth to an investment of some $49,896 on account of Im Lisa.

10% Owner, Parthenon Dcs Holdings, Llc, sold 997,392 common shares of Performant Financial Corporation (PFMT) in the open market. In a transaction dated Sep. 09, 2014, the shares were put up for sale at an average price of $8.72, raking in a sum of $8,697,258. After this sale, 13,500,878 common shares of PFMT are directly owned by the insider, with total stake valued at $26,191,703.

In the transaction dated Sep. 09, 2014, the great number of shares disposed came courtesy the 10% Owner; Pcp Managers, Llc disposed a total of 997,392 shares at an average price of $8.72, amounting to approximately $8,697,258. The insider now directly owns 13,500,878 shares worth $26,191,703.

Performant Financial Corporation (PFMT) Analyst Guide

Several analysts have released their opinion on Performant Financial Corporation (NASDAQ:PFMT), with 0 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

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