Engine Capital Management LLC raised its position in PFSweb, Inc. (NASDAQ:PFSW) by 40.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,428,798 shares of the business services provider’s stock after acquiring an additional 410,472 shares during the period. PFSweb makes up approximately 5.8% of Engine Capital Management LLC’s holdings, making the stock its 6th biggest holding. Engine Capital Management LLC owned 0.08% of PFSweb worth $10,616,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stone Ridge Asset Management LLC acquired a new stake in shares of PFSweb during the fourth quarter worth $239,000. BlueCrest Capital Management Ltd acquired a new stake in shares of PFSweb during the fourth quarter worth $178,000. Penn Capital Management Co. Inc. acquired a new stake in shares of PFSweb during the fourth quarter worth $1,228,000. Wells Fargo & Company MN lifted its position in PFSweb by 187.5% during the fourth quarter. Wells Fargo & Company MN now owns 14,041 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 9,157 shares during the period. Finally, Teton Advisors Inc. lifted its position in PFSweb by 8.4% during the fourth quarter. Teton Advisors Inc. now owns 324,462 shares of the business services provider’s stock valued at $2,411,000 after purchasing an additional 25,100 shares during the period. Institutional investors own 61.91% of the company’s stock.
PFSweb, Inc. (NASDAQ PFSW) opened at $7.75 on Tuesday. PFSweb, Inc. has a fifty-two week low of $5.83 and a fifty-two week high of $8.88. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.13. The firm has a market cap of $146.07, a price-to-earnings ratio of 256.00, a price-to-earnings-growth ratio of 4.92 and a beta of 0.65.
A number of research analysts recently issued reports on PFSW shares. Zacks Investment Research downgraded shares of PFSweb from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Dougherty & Co started coverage on shares of PFSweb in a research report on Tuesday, December 19th. They set a “buy” rating and a $9.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $10.46.
TRADEMARK VIOLATION WARNING: This piece was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/03/13/engine-capital-management-llc-has-10-62-million-holdings-in-pfsweb-inc-pfsw.html.
PFSweb Company Profile
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
Want to see what other hedge funds are holding PFSW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PFSweb, Inc. (NASDAQ:PFSW).
Receive News & Ratings for PFSweb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PFSweb and related companies with MarketBeat.com's FREE daily email newsletter.