Privium Fund Management UK Ltd Makes New $64,000 Investment in Performance Shipping Inc. (NASDAQ:PSHG)

Privium Fund Management UK Ltd bought a new stake in shares of Performance Shipping Inc. (NASDAQ:PSHG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 30,395 shares of the company’s stock, valued at approximately $64,000.

Separately, Cable Car Capital LLC purchased a new position in Performance Shipping during the fourth quarter valued at approximately $120,000. Institutional investors and hedge funds own 19.90% of the company’s stock.

Performance Shipping Trading Down 1.3 %

Shares of NASDAQ PSHG opened at $1.96 on Wednesday. The business has a fifty day moving average price of $2.04 and a 200 day moving average price of $2.06. Performance Shipping Inc. has a 1-year low of $1.60 and a 1-year high of $2.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.61 and a quick ratio of 5.56. The stock has a market capitalization of $24.01 million, a P/E ratio of 1.18 and a beta of -0.32.

Performance Shipping (NASDAQ:PSHG) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $20.51 million for the quarter. Performance Shipping had a net margin of 62.19% and a return on equity of 24.02%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners began coverage on shares of Performance Shipping in a research note on Monday, July 22nd. They issued a “buy” rating and a $6.50 price objective for the company.

About Performance Shipping