StockNews.com downgraded shares of Performant Financial (NASDAQ:PFMT – Get Rating) from a hold rating to a sell rating in a report released on Friday morning.
Separately, TheStreet lowered shares of Performant Financial from a c- rating to a d+ rating in a research report on Tuesday, August 16th.
Get Performant Financial alerts:Performant Financial Trading Down 0.5 %
Shares of NASDAQ:PFMT opened at $2.09 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.83 and a current ratio of 3.83. The stock has a market capitalization of $154.28 million, a price-to-earnings ratio of -16.08 and a beta of -0.24. Performant Financial has a 1-year low of $1.85 and a 1-year high of $5.08. The company has a 50 day moving average price of $2.50 and a 200 day moving average price of $2.47.
Institutional Trading of Performant Financial
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC grew its position in Performant Financial by 256.2% in the 4th quarter. First Eagle Investment Management LLC now owns 179,901 shares of the business services provider's stock worth $434,000 after purchasing an additional 129,401 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in shares of Performant Financial by 25.8% during the 2nd quarter. Mirador Capital Partners LP now owns 1,669,983 shares of the business services provider's stock worth $4,392,000 after acquiring an additional 342,053 shares during the period. Clarus Group Inc. bought a new position in shares of Performant Financial during the 2nd quarter worth about $50,000. Trellus Management Company LLC lifted its holdings in shares of Performant Financial by 98.9% during the 2nd quarter. Trellus Management Company LLC now owns 170,000 shares of the business services provider's stock worth $447,000 after acquiring an additional 84,518 shares during the period. Finally, Parkman Healthcare Partners LLC lifted its holdings in shares of Performant Financial by 12.6% during the 1st quarter. Parkman Healthcare Partners LLC now owns 957,083 shares of the business services provider's stock worth $2,977,000 after acquiring an additional 107,083 shares during the period. 61.34% of the stock is currently owned by institutional investors and hedge funds.Performant Financial Company Profile
(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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