PFSweb, Inc. (NASDAQ:PFSW) Position Raised by Alambic Investment Management L.P.

Alambic Investment Management L.P. grew its stake in PFSweb, Inc. (NASDAQ:PFSW) by 74.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,198 shares of the business services provider’s stock after purchasing an additional 53,096 shares during the period. Alambic Investment Management L.P. owned about 0.64% of PFSweb worth $647,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in PFSweb in the 4th quarter valued at $58,000. Rhumbline Advisers raised its stake in PFSweb by 52.7% in the 4th quarter. Rhumbline Advisers now owns 19,506 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 6,728 shares during the last quarter. Bank of America Corp DE raised its stake in PFSweb by 41.7% in the 4th quarter. Bank of America Corp DE now owns 20,569 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 6,052 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in PFSweb by 7.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,100 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in PFSweb by 5.0% in the 4th quarter. Acadian Asset Management LLC now owns 131,733 shares of the business services provider’s stock valued at $676,000 after purchasing an additional 6,277 shares during the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

Shares of PFSW traded down $0.06 during midday trading on Wednesday, reaching $3.65. The company had a trading volume of 52,600 shares, compared to its average volume of 64,155. PFSweb, Inc. has a 1-year low of $3.50 and a 1-year high of $11.00. The company has a market capitalization of $70.86 million, a PE ratio of 12.59 and a beta of 0.62. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.51.

PFSweb (NASDAQ:PFSW) last issued its earnings results on Thursday, May 9th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $72.15 million during the quarter. PFSweb had a return on equity of 12.07% and a net margin of 0.25%.

Several research analysts recently commented on the company. ValuEngine downgraded PFSweb from a “hold” rating to a “sell” rating in a research note on Monday, June 3rd. TheStreet downgraded PFSweb from a “c-” rating to a “d” rating in a research note on Friday, May 10th. Craig Hallum downgraded PFSweb from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Lake Street Capital set a $10.00 target price on PFSweb and gave the stock a “buy” rating in a research note on Tuesday, March 19th. They noted that the move was a valuation call. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 target price (down from $12.00) on shares of PFSweb in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.44.

In other PFSweb news, Director Benjamin L. Rosenzweig acquired 6,868 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was purchased at an average cost of $5.04 per share, with a total value of $34,614.72. Following the transaction, the director now owns 6,868 shares of the company’s stock, valued at $34,614.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Benjamin L. Rosenzweig acquired 9,868 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of $5.02 per share, with a total value of $49,537.36. Following the completion of the transaction, the director now directly owns 6,868 shares in the company, valued at approximately $34,477.36. The disclosure for this purchase can be found here. Insiders have purchased a total of 18,971 shares of company stock valued at $93,292 over the last three months. Corporate insiders own 6.50% of the company’s stock.

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About PFSweb

PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, LiveArea Professional Services and PFS Operations. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and design and digital marketing services, such as design, user experience, interactive development, search engine optimization and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.