Performant Finl Corp (PFMT) Holding Has Increased by Mill Road Capital Management Llc

June 16, 2018 - By Linda Rogers

Thomas E. Lynch increased its stake in Performant Finl Corp (PFMT) by 65.35% based on its latest 2018Q1 regulatory filing with the SEC. Mill Road Capital Management Llc bought 1.44 million shares as the company’s stock declined 20.71% with the market. The hedge fund run by Thomas E. Lynch held 3.63 million shares of the other consumer services company at the end of 2018Q1, valued at $10.90M, up from 2.20 million at the end of the previous reported quarter. Mill Road Capital Management Llc who had been investing in Performant Finl Corp for a number of months, seems to be bullish on the $114.36 million market cap company. The stock decreased 1.33% or $0.03 during the last trading session, reaching $2.22. About 7,474 shares traded. Performant Financial Corporation (NASDAQ:PFMT) has risen 0.45% since June 16, 2017 and is uptrending. It has underperformed by 12.12% the S&P500.

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