The Insider and director of Energy Recovery, Inc. (NASDAQ:ERII), Hans Michelet, Unloaded 69,700 Shares

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The Insider and director of Energy Recovery Hans Michelet Unloaded 69700 Shares-Transactions

Hans Michelet Insider Sell Transaction

Hans Michelet currently serving as director of Energy Recovery, Inc. (NASDAQ:ERII) recently unloaded 69,700 shares of the corporation. The insider deal has $487,635 U.S. Dollars total value, at an average market price per share of $7.0. It seems he is very active lately as in the last month, he quietly unloaded additional 40,000 shares of the company, worth $298,617 USD. Hans Michelet holds precisely 0.55 % of Energy Recovery Inc’s market cap or 300,000 shares.

Energy Recovery Inc Stock Rating, Sentiment and Fundamentals

The three leading stock analysts that cover the California-based Energy Recovery Inc financial position expect $1.02 EPS for 2015 which gives Energy Recovery Inc price to earnings ratio of 6.82.

Rating & Sentiment
PsychSignal Social:SELL
Analysts Rating:BUY
Hedge Funds Sentiment:SELL
Stock Fundamentals
Earnings + FCF Trend:SELL
Sector/Industry Macro:BULLISH
Valuation Models:-
Technical Analysis
ST Trend:UP
MT Trend:UP
LT Trend:UP
OctaFinance Rating*:NEUTRAL

* Read How Our Stock Ratings System Works

While Hans Michelet’s trade is important, we rate the stock NEUTRAL, as our proprietary time momentum model is not negative. In the last 200 days, the Energy Recovery Inc’s stock price has seen a steep raise of 97.17 % and is now in a very strong and smooth uptrend.

Price Chart of Energy Recovery NASDAQ:ERII Stock

The Insider and director of Energy Recovery Hans Michelet Unloaded 69700 Shares-Stock-Price-Chart

Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations

Hedge Funds Ownership

According to 13F filings from SEC for Q2 2015, 58 hedge funds owned Energy Recovery Inc. The institutional ownership of the company in focus in Q2 2015 is high, at 15.82 % of the shares outstanding. They decreased by 3.30 million the total shares they hold. As of that quarter these funds owned 8.68 million shares. There were 17 funds that closed their positions and 25 that reduced them. A total of 10 funds opened new positions in Energy Recovery Inc and 12 increased their holdings.


First Republic Investment Management Inc. is the most positive hedge fund on Energy Recovery Inc, with ownership of 20,000 shares as of Q2 2015 for less than 0.01% of the fund’s portfolio. Concourse Capital Management Llc is another positive institutional manager owning 96,220 shares of the company or 0.13% of their stocks portfolio. The stock is also 0.12% of the fund’s AUM. In addition Avenir Corp have 0.05% of their stock portfolio invested in the company’s market cap for 236,000 shares. Seamans Capital Management Llc disclosed it had purchased a stake worth less than 0.01% of the fund’s stock portfolio in Energy Recovery Inc. Quinn Opportunity Partners Llc is also positive about the California-based company, possessing 10,314 shares or 0.01% of their stock portfolio.

Energy Recovery NASDAQ:ERII Company Profile

Energy Recovery, Inc. (Energy Recovery) is engaged in providing pressure energy technology for industrial fluid flow applications. The Company designs, develops and manufactures energy recovery devices that transform untapped energy into reusable energy from industrial fluid flows and pressure cycles. The Company’s energy recovery devices are primarily used in seawater reverse osmosis desalination. The Company also provides pumps to facilitate a packaged solution to its customers. Its products are marketed and sold in fluid flow markets, such as desalination and oil and gas, under the trademarks ERI, PX, Pressure Exchanger and PX Pressure Exchanger. The Company also provides engineering, technical support and training to customers during product installation and plant commissioning. Additionally, it offers preventive maintenance and support services, as well as reinstallation services.

Company Website: Energy Recovery

Now its market capitalization is: $381.67 million and it has 54.14 million shares outstanding. Now there are 16.84% shareholders and the institutional ownership stands at 16.84%. Energy Recovery Inc has 124 employees. Energy Recovery Inc was created in Delaware on 2001-03-08. The stock closed at $6.96 yesterday and it had average 2 days volume of 182649 shares. It is down from the 30 days average shares volume of 333863. Energy Recovery Inc has a 250 days low of $2.08 and a 52w high of $9.48. The stock price is above the 200 days Simple moving average. Energy Recovery Inc last issued its quarterly earnings data on 11/05/2015. The company reported -0.01 EPS for the quarter, same as the consensus estimate of -0.01 . The company had a revenue of 12.11 million for 9/30/2015 and 10.48 million for 6/30/2015. Therefore, the revenue was 1.63 million up.

* This figure is the weighted average sales price of multiple trades ranging from $6.95 to $7.08 per share. The reporting person undertakes to provide to the SEC staff – ERI – or a shareholder of ERI full information about the number of shares sold at each separate price upon request.

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