Corsair Capital Management L.P. Sells 197,984 Shares of Enservco Co. (NYSEAMERICAN:ENSV)

by · The Cerbat Gem

Corsair Capital Management L.P. cut its stake in shares of Enservco Co. (NYSEAMERICAN:ENSV – Free Report) by 22.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 701,245 shares of the oil and gas producer’s stock after selling 197,984 shares during the period. Corsair Capital Management L.P.’s holdings in Enservco were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. CVI Holdings LLC bought a new stake in shares of Enservco during the 1st quarter valued at approximately $334,000. Susquehanna International Group LLP grew its holdings in shares of Enservco by 220.6% during the 1st quarter. Susquehanna International Group LLP now owns 71,176 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 48,976 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Enservco by 852.8% during the 1st quarter. Renaissance Technologies LLC now owns 184,852 shares of the oil and gas producer’s stock valued at $88,000 after purchasing an additional 165,452 shares during the last quarter. Virtu Financial LLC grew its holdings in Enservco by 87.8% during the 1st quarter. Virtu Financial LLC now owns 88,437 shares of the oil and gas producer’s stock worth $239,000 after acquiring an additional 41,346 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Enservco during the 1st quarter worth approximately $46,000. 5.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Enservco in a report on Sunday. They set a “sell” rating on the stock.

View Our Latest Stock Report on Enservco

Enservco Trading Up 4.8 %

ENSV traded up $0.01 during trading on Friday, reaching $0.31. 121,204 shares of the company’s stock were exchanged, compared to its average volume of 110,592. Enservco Co. has a one year low of $0.28 and a one year high of $2.45. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of 3.70. The stock has a market capitalization of $8.35 million, a PE ratio of -0.65 and a beta of 1.37. The stock has a fifty day moving average price of $0.36.

Enservco (NYSEAMERICAN:ENSV – Get Free Report) last posted its earnings results on Tuesday, November 14th. The oil and gas producer reported ($0.13) earnings per share for the quarter. Enservco had a negative return on equity of 369.83% and a negative net margin of 37.49%. The business had revenue of $2.94 million for the quarter.

About Enservco

(Free Report)

Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry. It offers hot oiling and acidizing, frac water heating, pressure testing, acidizing, and water hauling services, as well as well site construction services.

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