Ameresco Inc (NYSE:AMRC) Director Nickolas Stavropoulos purchased 4,000 shares of Ameresco stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $15.19 per share, for a total transaction of $60,760.00. Following the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $60,760. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NYSE AMRC opened at $14.50 on Friday. The stock has a market cap of $729.03 million, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.54. Ameresco Inc has a 1 year low of $11.35 and a 1 year high of $18.05. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.59.
Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Ameresco had a net margin of 4.57% and a return on equity of 8.44%. The firm had revenue of $150.10 million during the quarter, compared to analysts’ expectations of $150.29 million. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue was down 10.3% on a year-over-year basis. As a group, research analysts anticipate that Ameresco Inc will post 0.78 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in AMRC. Meeder Asset Management Inc. purchased a new position in Ameresco during the fourth quarter worth about $25,000. BNP Paribas Arbitrage SA boosted its stake in Ameresco by 508.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,945 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 3,297 shares during the last quarter. Advisor Group Inc. purchased a new position in Ameresco in the fourth quarter valued at about $75,000. Metropolitan Life Insurance Co. NY purchased a new position in Ameresco in the fourth quarter valued at about $99,000. Finally, MetLife Investment Advisors LLC purchased a new position in Ameresco in the fourth quarter valued at about $136,000. Institutional investors and hedge funds own 28.92% of the company’s stock.
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Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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