Jane Street Group LLC Grows Stock Holdings in Profire Energy, Inc. (NASDAQ:PFIE)

Jane Street Group LLC grew its stake in Profire Energy, Inc. (NASDAQ:PFIE) by 359.3% in the third quarter, Holdings Channel.com reports. The firm owned 48,870 shares of the oil and gas company’s stock after acquiring an additional 38,230 shares during the quarter. Jane Street Group LLC’s holdings in Profire Energy were worth $82,000 at the end of the most recent reporting period.

Separately, Pacific Ridge Capital Partners LLC boosted its stake in Profire Energy by 5.6% during the second quarter. Pacific Ridge Capital Partners LLC now owns 1,739,715 shares of the oil and gas company’s stock worth $2,470,000 after buying an additional 91,941 shares during the last quarter. Institutional investors and hedge funds own 38.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PFIE. Lake Street Capital reaffirmed a “hold” rating and issued a $2.55 target price on shares of Profire Energy in a research note on Wednesday, October 30th. StockNews.com initiated coverage on shares of Profire Energy in a research report on Saturday, January 11th. They set a “buy” rating for the company.

Profire Energy Stock Performance

PFIE stock opened at $2.54 on Thursday. The firm has a market cap of $117.35 million, a PE ratio of 14.11 and a beta of 0.45. Profire Energy, Inc. has a one year low of $1.33 and a one year high of $2.56. The firm’s 50 day moving average price is $2.53 and its 200-day moving average price is $1.98.

Profire Energy Company Profile

Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.