Prescott Group Capital Management L.L.C. decreased its holdings in Vertex Energy Inc (NASDAQ:VTNR) by 38.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,681 shares of the industrial products company’s stock after selling 100,000 shares during the period. Prescott Group Capital Management L.L.C. owned about 0.47% of Vertex Energy worth $167,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Zacks Investment Research raised shares of Vertex Energy from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Thursday, August 16th.
Shares of NASDAQ:VTNR opened at $1.32 on Wednesday. The company has a market capitalization of $44.83 million, a P/E ratio of -3.65 and a beta of 1.10. Vertex Energy Inc has a 52 week low of $0.65 and a 52 week high of $1.50. The company has a quick ratio of 0.90, a current ratio of 1.38 and a debt-to-equity ratio of 0.53.
Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings data on Thursday, August 9th. The industrial products company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. The company had revenue of $46.92 million during the quarter, compared to the consensus estimate of $42.45 million. Vertex Energy had a negative net margin of 1.91% and a negative return on equity of 7.93%. sell-side analysts predict that Vertex Energy Inc will post -0.18 EPS for the current fiscal year.
Vertex Energy Profile
Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in 15 states, primarily in the Gulf Coast, Midwest, and Mid-Atlantic regions of the United States. The company operates in three divisions: Black Oil, Refining and Marketing, and Recovery.
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