Energy Recovery, Inc. (NASDAQ:ERII) recovered 36.14% of its value since hitting low of $6.17. The recent move of -5.41% drop pushed the stock to close at $8.4 when trading ended on 3/11/2019. At a recent session, the prices were hovering between $8.21 and $8.8. This company shares are 78.57% off its target price of $15 and the current market capitalization stands at $399.5M. The recent change has given its price a 10.01% lead over SMA 50 and -18.05% deficit over its 52-week high. The stock witnessed 9.23% gains, 4.09% gains and -8.4% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ERII’s volatility during a week at 5.53% and during a month it has been found around 3.15%.

Energy Recovery, Inc. (ERII) Top Holders

Institutional investors currently hold around $172 million or 45.9% in ERII stock. Look at its top three institutional owners: Trigran Investments, Inc. owns $25.25 million in Energy Recovery, Inc., which represents roughly 6.32% of the company’s market cap and approximately 14.68% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 2,467,168 shares of the stock are valued at $21.91 million. The third largest holder is Vanguard Group Inc, which currently holds $15.57 million worth of this stock and that ownership represents nearly 3.9% of its market capitalization.

Energy Recovery, Inc. 13F Filings

At the end of December reporting period, 50 institutional holders increased their position in Energy Recovery, Inc. (NASDAQ:ERII) by some 3,148,055 shares, 50 decreased positions by 2,238,505 and 24 held positions by 13,927,070. That puts total institutional holdings at 19,313,630 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 126,712 shares while 12 institutional investors sold out their entire positions totaling 860,128 shares.

Energy Recovery, Inc. (NASDAQ:ERII) Insider Trades

Multiple company employees have indulged in significant insider trading. Energy Recovery, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that VP, Corporate Development Smith Emily has sold 10,000 shares of Energy Recovery, Inc. (ERII) in the trading session dated Feb. 15, 2019. These shares are worth $80,000 and were traded at $8 each. The SEC filing shows that Hanstveit Arve performed a sale of 45,708 shares. The Director disposed these shares by way of transaction on Nov. 08, 2018. The company’s shares were given away at $9.15 per share worth to an income of some $418,228 to the account of Hanstveit Arve.

VP of Operations, Bensalah Nocair, sold 78,244 common shares of Energy Recovery, Inc. (ERII) in the open market. In a transaction dated Oct. 03, 2018, the shares were put up for sale at an average price of $8.78, raking in a sum of $686,982. After this sale, 62,742 common shares of ERII are directly owned by the insider, with total stake valued at $527,033.

In the transaction dated Jun. 19, 2018, a great number of shares sold came courtesy the Director; Michelet Hans Peter disposed a total of 36,152 shares at an average price of $8.12, amounting to approximately $293,554. The insider now directly owns shares worth $.

Energy Recovery, Inc. (ERII) Analyst Guide

Several analysts have released their opinion on Energy Recovery, Inc. (NASDAQ:ERII), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.2 average brokerage recommendation [T1].