Acadian Asset Management LLC raised its position in shares of PFSweb, Inc. (NASDAQ:PFSW) by 4.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 143,700 shares of the business services provider’s stock after purchasing an additional 5,672 shares during the quarter. Acadian Asset Management LLC owned approximately 0.74% of PFSweb worth $582,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in PFSW. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of PFSweb by 8.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,250 shares of the business services provider’s stock valued at $163,000 after acquiring an additional 3,150 shares during the period. GSA Capital Partners LLP boosted its position in shares of PFSweb by 31.7% in the second quarter. GSA Capital Partners LLP now owns 13,300 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 3,200 shares during the period. Teton Advisors Inc. boosted its position in shares of PFSweb by 11.6% in the second quarter. Teton Advisors Inc. now owns 403,330 shares of the business services provider’s stock valued at $1,633,000 after acquiring an additional 42,000 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of PFSweb in the second quarter valued at about $449,000. Finally, Marshall Wace LLP bought a new stake in shares of PFSweb in the first quarter valued at about $104,000. 58.27% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Thomas J. Madden acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average price of $2.14 per share, with a total value of $32,100.00. Following the completion of the transaction, the chief financial officer now directly owns 198,380 shares of the company’s stock, valued at approximately $424,533.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 21,000 shares of company stock valued at $46,875 in the last ninety days. 6.50% of the stock is currently owned by company insiders.
PFSW opened at $2.33 on Monday. PFSweb, Inc. has a twelve month low of $2.03 and a twelve month high of $8.88. The company has a 50-day simple moving average of $2.96 and a 200 day simple moving average of $4.26. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $42.75 million, a price-to-earnings ratio of 8.80 and a beta of 0.79.
PFSweb (NASDAQ:PFSW) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.01) earnings per share for the quarter. PFSweb had a return on equity of 10.54% and a net margin of 0.15%. The firm had revenue of $68.51 million for the quarter.
Several equities research analysts recently weighed in on PFSW shares. Needham & Company LLC set a $5.00 price objective on shares of PFSweb and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine cut shares of PFSweb from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $8.44.
PFSweb Company Profile
PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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