Thompson Davis & CO. Inc. Has $38,000 Stock Position in Profire Energy, Inc. (NASDAQ:PFIE)

Thompson Davis & CO. Inc. lowered its stake in Profire Energy, Inc. (NASDAQ:PFIE) by 27.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,900 shares of the oil and gas company’s stock after selling 8,000 shares during the period. Thompson Davis & CO. Inc.’s holdings in Profire Energy were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. EAM Investors LLC bought a new position in Profire Energy during the third quarter worth $1,752,000. AMH Equity Ltd bought a new position in Profire Energy during the fourth quarter worth $690,000. AWM Investment Company Inc. raised its stake in Profire Energy by 15.9% during the third quarter. AWM Investment Company Inc. now owns 2,596,156 shares of the oil and gas company’s stock worth $7,217,000 after buying an additional 355,998 shares during the last quarter. Navellier & Associates Inc. bought a new position in Profire Energy during the third quarter worth $844,000. Finally, Quadrature Capital Ltd bought a new position in Profire Energy during the third quarter worth $223,000. Institutional investors and hedge funds own 38.51% of the company’s stock.

Profire Energy Price Performance

PFIE remained flat at $1.81 during midday trading on Tuesday. 82,492 shares of the company’s stock traded hands, compared to its average volume of 178,681. Profire Energy, Inc. has a 12-month low of $1.09 and a 12-month high of $3.29. The company has a quick ratio of 3.34, a current ratio of 4.89 and a debt-to-equity ratio of 0.01. The stock has a market cap of $96.55 million, a P/E ratio of 8.23 and a beta of 0.52. The stock’s 50 day simple moving average is $1.71 and its 200 day simple moving average is $1.71.

Profire Energy (NASDAQ:PFIE) last posted its earnings results on Wednesday, March 13th. The oil and gas company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Profire Energy had a net margin of 18.51% and a return on equity of 20.13%. The company had revenue of $14.38 million during the quarter, compared to the consensus estimate of $14.99 million. Research analysts predict that Profire Energy, Inc. will post 0.2 EPS for the current year.

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.