TheStreet cut shares of Performant Financial (NASDAQ:PFMT – Get Rating) from a c- rating to a d+ rating in a research note issued to investors on Tuesday morning, TheStreetRatingsTable reports.
Separately, StockNews.com raised Performant Financial from a sell rating to a hold rating in a report on Thursday.
Get Performant Financial alerts:Performant Financial Trading Up 2.8 %
Performant Financial stock opened at $2.24 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.83 and a quick ratio of 3.83. Performant Financial has a one year low of $1.85 and a one year high of $5.08. The stock has a market capitalization of $165.35 million, a PE ratio of -17.23 and a beta of -0.32. The business's fifty day moving average is $2.57 and its 200 day moving average is $2.50.
Hedge Funds Weigh In On Performant Financial
Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Performant Financial by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 255,499 shares of the business services provider's stock valued at $795,000 after buying an additional 11,317 shares in the last quarter. State Street Corp grew its holdings in Performant Financial by 9.9% during the 1st quarter. State Street Corp now owns 148,208 shares of the business services provider's stock valued at $461,000 after buying an additional 13,300 shares in the last quarter. Shay Capital LLC grew its holdings in Performant Financial by 59.0% during the 1st quarter. Shay Capital LLC now owns 40,033 shares of the business services provider's stock valued at $125,000 after buying an additional 14,853 shares in the last quarter. Virtu Financial LLC purchased a new position in Performant Financial during the 1st quarter valued at approximately $57,000. Finally, Clarus Group Inc. purchased a new position in shares of Performant Financial in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 80.19% of the company's stock.About Performant Financial
(Get Rating)
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services to the clients in Federal guaranteed student loan program and private institutions; identifies and tracks defaulted borrowers across its clients' portfolios of student loans; rehabilitates and recovers past due student loans; provides tax recovery services to federal, state and municipal agencies; recovers government debt for various federal agencies; and offers audit and recovery services to identify improper healthcare payments for public and private healthcare clients.
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