Profire Energy, Inc. (NASDAQ:PFIE) Shares Sold by Thompson Davis & CO. Inc.

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of PFIE. Freedom Wealth Alliance LLC acquired a new stake in Profire Energy during the 3rd quarter worth approximately $29,000. Commonwealth Equity Services LLC acquired a new stake in Profire Energy in the third quarter valued at approximately $33,000. Brown Advisory Inc. acquired a new stake in Profire Energy in the third quarter valued at approximately $35,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Profire Energy in the third quarter valued at approximately $91,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Profire Energy in the third quarter valued at approximately $95,000. Institutional investors and hedge funds own 38.51% of the company’s stock.

Profire Energy Stock Performance

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

Profire Energy (NASDAQ:PFIE) last issued its quarterly earnings data on Wednesday, March 13th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, beating 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 expect that Profire Energy, Inc. will post 0.2 EPS for the current fiscal year.

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.