The Insider, Xinrong Zhuo Bought 50,000 Shares of Pingtan Marine Enterprise Ltd; Phi Has 1.32 Sentiment

May 20, 2018 - By Peter Erickson

PHI, Inc. (NASDAQ:PHII) Logo

Phi Inc (PHII) investors sentiment increased to 1.32 in 2017 Q4. It’s up 0.36, from 0.96 in 2017Q3. The ratio has increased, as 29 funds started new and increased positions, while 22 reduced and sold their equity positions in Phi Inc. The funds in our database now hold: 9.05 million shares, down from 9.43 million shares in 2017Q3. Also, the number of funds holding Phi Inc in top ten positions was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 16 Increased: 23 New Position: 6.

More recent Pingtan Marine Enterprise Ltd. (NASDAQ:PME) news were published by: Seekingalpha.com which released: “Pingtan Marine Enterprise’s (PME) CEO Xinrong Zhuo on Q1 2018 Results – Earnings Call Transcript” on May 13, 2018. Also Gurufocus.com published the news titled: “Pingtan Marine Enterprise Ltd (PME) CEO Xinrong Zhuo Bought $183000 of Shares” on May 19, 2018. Gurufocus.com‘s news article titled: “Pingtan Marine Enterprise Ltd (PME) CEO Xinrong Zhuo Bought $184000 of Shares” with publication date: May 18, 2018 was also an interesting one.

As stated in a legally required form which was filled with the U.S. SEC on May 18, 2018, Xinrong Zhuo an insider in Pingtan Marine Enterprise Ltd and currently CEO, paid for shares worth $182,990 US Dollars in the China-based company. He acquired 50,000 new shares, at average $3.7 per share. He also obtained 100,000 shares with a total value of about $366,160 USD in the last month. Xinrong Zhuo right now has ownership of 44.67 million shares which make up around 56.51% of the China-based company’s market cap.

Pingtan Marine Enterprise Ltd. engages in the ocean fishing business. The company has market cap of $284.60 million. The firm harvests a range of fish species, such as ribbon fish, croaker fish, pomfret, Spanish mackerel, Reefcod, conger eel, and squid with its owned and licensed vessels operating within the Indian Exclusive Economic Zone, Indo-Pacific waters, the Arafura Sea of Indonesia, and international waters of Atlantic and Pacific Oceans. It has a 9.6 P/E ratio. As of December 31, 2017, it owned 91 trawlers, 15 drifters, 6 squid jigging vessels, 4 longline fishing vessels, 3 light luring seine vessels, and 1 transport vessel, as well as had operating license rights to 20 drifters.

Investors sentiment increased to 2 in 2017 Q4. Its up 1.25, from 0.75 in 2017Q3. It increased, as 1 investors sold Pingtan Marine Enterprise Ltd. shares while 1 reduced holdings. 2 funds opened positions while 2 raised stakes. 599,232 shares or 2.85% less from 616,783 shares in 2017Q3 were reported. Mad River stated it has 0.17% of its portfolio in Pingtan Marine Enterprise Ltd. (NASDAQ:PME). Invesco Ltd reported 160,155 shares. Geode Capital Ltd Liability Corporation has invested 0% in Pingtan Marine Enterprise Ltd. (NASDAQ:PME). Royal Savings Bank Of Canada holds 0% or 319,351 shares in its portfolio. Tower Rech Capital Ltd Llc (Trc) reported 765 shares. Citadel Ltd Liability reported 0% of its portfolio in Pingtan Marine Enterprise Ltd. (NASDAQ:PME). Jpmorgan Chase accumulated 0% or 1,717 shares. Morgan Stanley holds 0% or 19,030 shares in its portfolio.

Since May 15, 2018, it had 1 insider purchase, and 0 insider sales for $182,060 activity. 50,000 shares were bought by ZHUO XINRONG, worth $182,060 on Tuesday, May 15.

The stock decreased 1.64% or $0.06 during the last trading session, reaching $3.6. About 128,721 shares traded or 29.11% up from the average. Pingtan Marine Enterprise Ltd. (NASDAQ:PME) has declined 32.56% since May 20, 2017 and is downtrending. It has underperformed by 44.11% the S&P500.

West Face Capital Inc. holds 91.81% of its portfolio in PHI, Inc. for 2.63 million shares. Van Den Berg Management I Inc owns 1.12 million shares or 1.46% of their US portfolio. Moreover, Perritt Capital Management Inc has 0.4% invested in the company for 125,344 shares. The California-based Malaga Cove Capital Llc has invested 0.2% in the stock. Menta Capital Llc, a California-based fund reported 28,084 shares.

Another recent and important PHI, Inc. (NASDAQ:PHII) news was published by Businesswire.com which published an article titled: “PHI, Inc. Announces Results for the First Quarter Ended March 31, 2018” on May 04, 2018.

PHI, Inc., together with its subsidiaries, provides transportation services to, from, and among offshore facilities for clients in the gas and oil exploration, development, and production industry in the United States and internationally. The company has market cap of $208.52 million. It operates through three business divisions: Oil and Gas, Air Medical, and Technical Services. It has a 28.77 P/E ratio. The Oil and Gas segment provides helicopter services primarily for the integrated and independent gas and oil exploration and production companies, and other offshore oil service companies for routine transportation of personnel and equipment, transportation of personnel during medical and safety emergencies, and evacuation of personnel during the threat of hurricanes and other adverse weather conditions.

It closed at $13.75 lastly. It is up 41.76% since May 20, 2017 and is downtrending. It has underperformed by 53.31% the S&P500.

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