Iat Reinsurance Co. LTD. continued to hold its stake in PFSweb, Inc. (NASDAQ:PFSW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 750,000 shares of the business services provider’s stock at the end of the second quarter. PFSweb makes up approximately 1.1% of Iat Reinsurance Co. LTD.’s investment portfolio, making the stock its 14th largest position. Iat Reinsurance Co. LTD. owned approximately 3.98% of PFSweb worth $6,195,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Parametric Portfolio Associates LLC raised 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 valued at $153,000 after buying an additional 4,811 shares during the period. Trexquant Investment LP purchased a new stake in shares of PFSweb during the first quarter valued at about $185,000. Mesirow Financial Investment Management Equity Management raised 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 valued at $215,000 after buying an additional 10,570 shares during the period. Oxford Asset Management raised 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 valued at $236,000 after buying an additional 18,367 shares during the period. Finally, Teachers Advisors LLC raised 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 valued at $303,000 after buying an additional 14,524 shares during the period. 68.14% of the stock is owned by institutional investors.
Shares of PFSweb, Inc. (NASDAQ PFSW) traded up 1.06% during midday trading on Friday, reaching $7.60. The company’s stock had a trading volume of 28,175 shares. PFSweb, Inc. has a 12 month low of $5.83 and a 12 month high of $10.15. The company’s market cap is $144.27 million. The company’s 50-day moving average price is $7.87 and its 200-day moving average price is $7.37.
PFSweb (NASDAQ:PFSW) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $78.07 million for the quarter, compared to analyst estimates of $77.13 million. PFSweb had a negative net margin of 3.55% and a negative return on equity of 1.71%. On average, equities analysts anticipate that PFSweb, Inc. will post $0.36 EPS for the current fiscal year.
Several equities research analysts have issued reports on the company. Northland Securities reaffirmed a “buy” rating and set a $11.00 price target on shares of PFSweb in a research note on Thursday, August 10th. B. Riley reaffirmed a “buy” rating and set a $13.00 price target on shares of PFSweb in a research note on Monday, August 14th. Finally, Zacks Investment Research lowered PFSweb from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $11.10.
In related news, Director David I. Beatson sold 4,255 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $7.22, for a total transaction of $30,721.10. Following the transaction, the director now directly owns 11,383 shares in the company, valued at $82,185.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Cynthia D. Almond sold 57,654 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $8.00, for a total transaction of $461,232.00. Following the transaction, the executive vice president now owns 77,863 shares in the company, valued at $622,904. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.
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.
Want to see what other hedge funds are holding PFSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PFSweb, Inc. (NASDAQ:PFSW).
Receive News & Ratings for PFSweb Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PFSweb Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
