White Pine Capital LLC Has $704,000 Position in Performant Financial Co. (NASDAQ:PFMT)

White Pine Capital LLC grew its holdings in Performant Financial Co. (NASDAQ:PFMT) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 225,330 shares of the business services provider’s stock after purchasing an additional 13,221 shares during the quarter. White Pine Capital LLC owned about 0.29% of Performant Financial worth $704,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighMark Wealth Management LLC grew its position in shares of Performant Financial by 20,311.4% in the fourth quarter. HighMark Wealth Management LLC now owns 449,050 shares of the business services provider’s stock valued at $1,406,000 after purchasing an additional 446,850 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Performant Financial in the third quarter valued at about $1,932,000. First Eagle Investment Management LLC grew its position in Performant Financial by 31.3% during the third quarter. First Eagle Investment Management LLC now owns 1,955,024 shares of the business services provider’s stock worth $4,418,000 after buying an additional 465,624 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in Performant Financial by 5.9% during the third quarter. Punch & Associates Investment Management Inc. now owns 2,731,405 shares of the business services provider’s stock worth $6,173,000 after buying an additional 151,305 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Performant Financial by 38.0% during the fourth quarter. SG Americas Securities LLC now owns 20,866 shares of the business services provider’s stock worth $65,000 after buying an additional 5,742 shares in the last quarter. 77.15% of the stock is owned by institutional investors and hedge funds.

Performant Financial Stock Up 4.6 %

PFMT stock traded up $0.12 during trading on Friday, reaching $2.72. 177,286 shares of the stock were exchanged, compared to its average volume of 311,004. Performant Financial Co. has a twelve month low of $2.00 and a twelve month high of $3.61. The stock has a 50 day simple moving average of $2.80 and a 200-day simple moving average of $2.75. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 0.06.

Performant Financial (NASDAQ:PFMT) last released its earnings results on Tuesday, March 12th. The business services provider reported $0.02 earnings per share for the quarter. Performant Financial had a negative return on equity of 9.46% and a negative net margin of 6.61%. The business had revenue of $32.57 million for the quarter.

Performant Financial Profile

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services.