Engine Capital Management LP Has $5.25 Million Stock Holdings in PFSweb, Inc. (NASDAQ:PFSW)

Engine Capital Management LP increased its position in PFSweb, Inc. (NASDAQ:PFSW) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,297,123 shares of the business services provider’s stock after buying an additional 127,396 shares during the period. PFSweb accounts for approximately 2.5% of Engine Capital Management LP’s investment portfolio, making the stock its 13th biggest holding. Engine Capital Management LP owned about 6.68% of PFSweb worth $5,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP grew its stake in shares of PFSweb by 31.7% in the 2nd quarter. GSA Capital Partners LLP now owns 13,300 shares of the business services provider’s stock valued at $54,000 after buying an additional 3,200 shares during the period. AWM Investment Company Inc. grew its stake in shares of PFSweb by 64.6% in the 2nd quarter. AWM Investment Company Inc. now owns 1,832,185 shares of the business services provider’s stock valued at $7,420,000 after buying an additional 719,182 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of PFSweb in the 2nd quarter valued at about $449,000. Teton Advisors Inc. grew its stake in shares of PFSweb by 11.6% in the 2nd quarter. Teton Advisors Inc. now owns 403,330 shares of the business services provider’s stock valued at $1,633,000 after buying an additional 42,000 shares during the period. Finally, Alambic Investment Management L.P. boosted its stake in PFSweb by 74.7% during the 1st quarter. Alambic Investment Management L.P. now owns 124,198 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 53,096 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

In other news, CFO Thomas J. Madden bought 15,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $2.14 per share, with a total value of $32,100.00. Following the transaction, the chief financial officer now directly owns 198,380 shares in the company, valued at $424,533.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James F. Reilly bought 29,039 shares of the company’s stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $2.79 per share, for a total transaction of $81,018.81. Following the transaction, the director now owns 55,422 shares in the company, valued at $154,627.38. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 83,051 shares of company stock worth $212,765. Insiders own 6.50% of the company’s stock.

PFSW stock traded down $0.37 during mid-day trading on Tuesday, reaching $2.17. 2 shares of the company traded hands, compared to its average volume of 58,644. The stock has a market cap of $49.94 million, a price-to-earnings ratio of 7.48 and a beta of 0.81. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 1.49. PFSweb, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $8.19. The firm’s 50 day moving average price is $2.59 and its 200 day moving average price is $3.97.

PFSweb (NASDAQ:PFSW) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $68.51 million for the quarter. PFSweb had a net margin of 0.15% and a return on equity of 10.54%. On average, analysts anticipate that PFSweb, Inc. will post -0.1 EPS for the current fiscal year.

A number of research firms have issued reports on PFSW. Needham & Company LLC set a $5.00 price target on PFSweb and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine downgraded PFSweb from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, B. Riley reiterated a “buy” rating and set a $4.50 price target on shares of PFSweb in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $6.56.

About PFSweb

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.