Renaissance Technologies LLC recently announced the acquisition of new stake in Hermitage Offshore Services Ltd. (NYSE:PSV). This fresh investment now brings its stake to 0.33% valued currently at $72903.0. In addition, Virtu Financial BD LLC raised its holdings by 25419.0 to 25419.0 shares.
With over 152.96 million Hermitage Offshore Services Ltd. (PSV) shares trading Monday and a closing price of $1.16 on the day, the dollar volume was approximately $177.43 million. The shares have shown a positive weekly performance of 214.79% and its price on 08/31/20 gained nearly 50.59%. Currently, there are 27.34M common shares owned by the public and among those 8.40M shares have been available to trade.
Incidentally, analysts’ outlook for the Hermitage Offshore Services Ltd. stock is 3.00 for the next 12 months.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Hermitage Offshore Services Ltd. are IG Mackenzie Core US Equity Fund, IG Mackenzie Mutual of Canada, and 1290 VT Micro Cap Portfolio. IG Mackenzie Core US Equity Fund owns 3.47 million shares of the company’s stock, all valued at over $2.47 million. The company bought an additional 1.86 million shares recently to bring their total holdings to about 11.09% of the shares outstanding. IG Mackenzie Mutual of Canada bought 0.29 million shares to see its total holdings expand to 0.45 million shares valued at over $0.32 million and representing 1.43% of the shares outstanding. 1290 VT Micro Cap Portfolio now owns shares totaling to 0.00% of the shares outstanding.
Shares of Hermitage Offshore Services Ltd. (NYSE: PSV) opened at $0.71, down -$0.06 from a prior closing price of $0.77. However, the script later closed the day at $1.16, up 50.59%. The company’s stock has a 5-day price change of 214.79% and 136.73% over the past three months. PSV shares are trading 14.03% year to date (YTD), with the 12-month market performance down to -25.16% lower. It has a 12-month low price of $0.31 and touched a high of $3.05 over the same period. Currently, 152.96 million shares have been traded, compared to an average intraday trading volume of 5.17 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 95.73%, 58.82%, and 39.50% respectively.
Institutional ownership of Hermitage Offshore Services Ltd. (NYSE: PSV) shares accounts for 16.40% of the company’s 27.34M shares outstanding. Mutual fund holders own -12.08%, while other institutional holders and individual stakeholders account for 12.53% and — respectively.
It has a market capitalization of $26.37M and a beta (3y monthly) value of 0.93. The earnings-per-share (ttm) stands at -$0.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 96.34% over the week and 35.25% over the month.
Analysts forecast that Hermitage Offshore Services Ltd. (PSV) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.8 for 2020. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$1.5 a year ago.
Looking at the support for the PSV, a number of firms have released research notes about the stock. BTIG Research stated their Neutral rating for the stock in a research note on June 30, 2020, with the firm’s price target at.