Granite Investment Partners LLC lowered its position in shares of PFSweb, Inc. (NASDAQ:PFSW) by 35.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 236,495 shares of the business services provider’s stock after selling 127,786 shares during the period. Granite Investment Partners LLC’s holdings in PFSweb were worth $1,954,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC boosted its stake in shares of PFSweb by 25.7% in the first quarter. Parametric Portfolio Associates LLC now owns 23,503 shares of the business services provider’s stock worth $153,000 after buying an additional 4,811 shares during the period. Trexquant Investment LP bought a new stake in shares of PFSweb during the first quarter worth approximately $185,000. Mesirow Financial Investment Management Equity Management boosted its stake in shares of PFSweb by 47.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 32,950 shares of the business services provider’s stock worth $215,000 after buying an additional 10,570 shares during the period. Oxford Asset Management boosted its stake in shares of PFSweb by 103.3% in the first quarter. Oxford Asset Management now owns 36,146 shares of the business services provider’s stock worth $236,000 after buying an additional 18,367 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of PFSweb by 68.6% in the fourth quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock worth $303,000 after buying an additional 14,524 shares during the period. Institutional investors own 68.86% of the company’s stock.
Shares of PFSweb, Inc. (NASDAQ PFSW) opened at 7.79 on Friday. The company’s market capitalization is $146.68 million. PFSweb, Inc. has a 1-year low of $5.83 and a 1-year high of $10.67. The company’s 50-day moving average price is $7.94 and its 200-day moving average price is $7.38.
PFSweb (NASDAQ:PFSW) last issued its earnings results on Monday, August 7th. The business services provider reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The business had revenue of $78.07 million during the quarter, compared to the consensus estimate of $77.13 million. PFSweb had a negative return on equity of 1.71% and a negative net margin of 3.55%. On average, equities analysts expect that PFSweb, Inc. will post $0.32 earnings per share for the current fiscal year.
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A number of analysts have recently commented on PFSW shares. B. Riley reaffirmed a “buy” rating and issued a $13.00 price target on shares of PFSweb in a research note on Sunday, May 14th. Northland Securities reaffirmed a “buy” rating and issued a $11.00 price target on shares of PFSweb in a research note on Thursday. Finally, Zacks Investment Research raised PFSweb from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. PFSweb presently has a consensus rating of “Buy” and a consensus target price of $11.15.
In other PFSweb news, EVP Cynthia D. Almond sold 57,654 shares of PFSweb stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $8.00, for a total value of $461,232.00. Following the completion of the sale, the executive vice president now directly owns 77,863 shares in the company, valued at $622,904. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Travis Hess sold 3,908 shares of PFSweb stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $7.00, for a total value of $27,356.00. Following the completion of the sale, the insider now owns 1,017 shares of the company’s stock, valued at $7,119. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,072 shares of company stock valued at $548,881. 5.20% of the stock is currently owned by corporate insiders.
PFSweb Company Profile
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
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