Profire Energy, Inc. (NASDAQ:PFIE) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its position in Profire Energy, Inc. (NASDAQ:PFIE) by 57.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 44,299 shares of the oil and gas company’s stock after selling 60,571 shares during the period. Marshall Wace LLP’s holdings in Profire Energy were worth $63,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PFIE. Advisor Resource Council acquired a new position in Profire Energy in the 2nd quarter valued at about $38,000. Williams & Novak LLC purchased a new stake in Profire Energy in the 2nd quarter valued at about $46,000. O Shaughnessy Asset Management LLC grew its holdings in Profire Energy by 16.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock valued at $325,000 after buying an additional 24,376 shares during the period. Perritt Capital Management Inc grew its holdings in Profire Energy by 4.6% in the 2nd quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock valued at $477,000 after buying an additional 14,720 shares during the period. Finally, AMH Equity Ltd grew its holdings in Profire Energy by 31.1% in the 1st quarter. AMH Equity Ltd now owns 500,000 shares of the oil and gas company’s stock valued at $925,000 after buying an additional 118,550 shares during the period. Institutional investors and hedge funds own 38.51% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Profire Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th.

Profire Energy Stock Performance

Shares of NASDAQ:PFIE opened at $1.70 on Monday. Profire Energy, Inc. has a 1 year low of $1.33 and a 1 year high of $2.47. The stock has a market capitalization of $80.07 million, a P/E ratio of 8.50 and a beta of 0.49. The stock has a 50-day simple moving average of $1.61 and a 200-day simple moving average of $1.61.

Profire Energy (NASDAQ:PFIE) last issued its earnings results on Wednesday, August 7th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Profire Energy had a return on equity of 15.34% and a net margin of 15.22%. The business had revenue of $15.16 million during the quarter. During the same quarter in the previous year, the firm posted $0.06 EPS.

About Profire Energy

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.