Hedge Funds Now Own 44% Of Profire Energy, Inc. (PFIE)

Profire Energy, Inc. (NASDAQ:PFIE) has made a 29.12% comeback from a 12-month low price of $1.36. It was seen 2.92% higher, changing the price to $1.76, when the closing bell rang on 01/11/2019. At recent session, the prices were hovering between $1.67 and $1.78. This company shares are 167.61% off its target price of $4.71 and the current market capitalization stands at $82.19M. The recent change has given its price a -10.71% deficit over SMA 50 and -66.79% deficit over its 52-week high. The stock witnessed -3.3% declines, -41.14% declines and -52.43% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PFIE’s volatility during a week at 7.34% and during a month it has been found around 7.67%.

Profire Energy, Inc. (PFIE) Top Holders

Institutional investors currently hold around $38 million or 44% in PFIE stock. Look at its top three institutional owners. Royce & Associates Lp owns $3.36 million in Profire Energy, Inc., which represents roughly 4.09% of the company’s market cap and approximately 8.85% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,569,824 shares of the stock are valued at $2.76 million. The third largest holder is Blackrock Inc., which currently holds $2.69 million worth of this stock and that ownership represents nearly 3.27% of its market capitalization.

Profire Energy, Inc. 13F Filings

At the end of September reporting period, 51 institutional holders increased their position in Profire Energy, Inc. (NASDAQ:PFIE) by some 5,990,450 shares, 39 decreased positions by 4,866,637 and 18 held positions by 10,450,309. That puts total institutional holdings at 21,307,396 shares, according to SEC filings. The stock grabbed 12 new institutional investments totaling 1,382,219 shares while 23 institutional investors sold out their entire positions totaling 3,311,395 shares.

Profire Energy, Inc. (NASDAQ:PFIE) Insider Trades

Multiple company employees have indulged in significant insider trading. Profire Energy, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO, 10% Owner Hatch Brenton W has sold 3,125,000 shares of Profire Energy, Inc. (PFIE) in trading session dated Jul. 03, 2018. These shares are worth $10,156,250 and were traded at $3.25 each. The SEC filing shows that Albert Harold performed a sale of 5,000,000 shares. The Director, 10% Owner disposed these shares by way of transaction on Jul. 03, 2018. The company’s shares were given away at $3.25 per share worth to an income of some $16,250,000 on account of Albert Harold.

Director, 10% Owner, Albert Harold, sold 15,000 common shares of Profire Energy, Inc. (PFIE) in the open market. In a transaction dated May. 31, 2017, the shares were put up for sale at an average price of $1.46, raking in a sum of $21,900. After this sale, 11,092,425 common shares of PFIE are directly owned by the insider, with total stake valued at $19,522,668.

In the transaction dated May. 26, 2017, the great number of shares disposed came courtesy the Director, 10% Owner; Albert Harold disposed a total of 29,315 shares at an average price of $1.46, amounting to approximately $42,800. The insider now directly owns 11,107,425 shares worth $19,549,068.

Profire Energy, Inc. (PFIE) Analyst Guide

Several analysts have released their opinion on Profire Energy, Inc. (NASDAQ:PFIE), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.