I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.

Arve Hanstveit Biography and Net Worth

Director of Energy Recovery

Arve Hanstveit has been as a member of ERI’s board and an investor in the company since August 1995. Mr. Hanstveit’s early investment in the company, his experience as an investment advisor and securities analyst, his understanding of global financial markets, the global desalination market, and his extensive knowledge ERI’s products make him a tremendous asset to the company’s board of directors.

From 2006 to 2009, Mr. Hanstveit also served as a member of the board at Kezzler AS Prive, a privately held Norwegian company that delivers secure track-and-trace solutions to the pharmaceutical and consumer goods industry. His 20 years of experience as a professional investor and analyst includes serving as a partner, vice president and secretary of the board at A&G Sundel Collins, Inc., a Scandinavian investment bank. Mr. Hanstveit also sits on the board of the Norwegian American Chamber of Commerce and is a member of the New York Angels, an independent consortium of individual accredited angel investors that provides equity capital for early-stage companies in the New York City area.

Mr. Hanstveit holds a bachelor’s degree in Business and Accounting from the Norwegian School of Management as well as a master’s degree in Finance and Marketing from the University of Wisconsin, Madison.

What is Arve Hanstveit's net worth?: The estimated net worth of Arve Hanstveit is at least $11.83 million as of June 7th, 2024. Mr. Hanstveit owns 763,182 shares of Energy Recovery stock worth more than $11,829,321 as of November 20th. This net worth estimate does not reflect any other investments that Mr. Hanstveit may own. Learn More about Arve Hanstveit's net worth.
How do I contact Arve Hanstveit?: The corporate mailing address for Mr. Hanstveit and other Energy Recovery executives is 1717 Doolittle Drive, San Leandro CA, 94577. Energy Recovery can also be reached via phone at (510) 483-7370 and via email at [email protected]. Learn More on Arve Hanstveit's contact information.
Has Arve Hanstveit been buying or selling shares of Energy Recovery?: Arve Hanstveit has not been actively trading shares of Energy Recovery within the last three months. Most recently, Arve Hanstveit sold 20,000 shares of the business's stock in a transaction on Friday, June 7th. The shares were sold at an average price of $13.20, for a transaction totalling $264,000.00. Following the completion of the sale, the director now directly owns 763,182 shares of the company's stock, valued at $10,074,002.40. Learn More on Arve Hanstveit's trading history.
Who are Energy Recovery's active insiders?: Energy Recovery's insider roster includes As Arvarius (Major Shareholder), Sherif Foda (Director), Arve Hanstveit (Director), and Ole Lorentzen (Major Shareholder). Learn More on Energy Recovery's active insiders.
Are insiders buying or selling shares of Energy Recovery?: During the last year, Energy Recovery insiders bought shares 3 times. They purchased a total of 24,250 shares worth more than $356,062.50. During the last year, insiders at the industrial products company sold shares 24 times. They sold a total of 234,653 shares worth more than $3,671,215.99. The most recent insider tranaction occured on November, 11th when SVP Rodney Clemente sold 4,207 shares worth more than $84,392.42. Insiders at Energy Recovery own 4.1% of the company. Learn More about insider trades at Energy Recovery.
Information on this page was last updated on 11/11/2024.

Arve Hanstveit Insider Trading History at Energy Recovery

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
6/7/2024	Sell	20,000	$13.20	$264,000.00	763,182
5/8/2024	Sell	35,000	$13.53	$473,550.00	772,055
2/28/2024	Sell	50,000	$15.49	$774,500.00	807,055
6/20/2023	Sell	15,000	$27.50	$412,500.00	857,055
6/1/2023	Sell	15,327	$23.73	$363,709.71	868,352
4/3/2023	Sell	16,000	$23.50	$376,000.00	868,352
11/22/2021	Sell	25,000	$24.61	$615,250.00
4/29/2021	Sell	14,374	$22.16	$318,527.84	924,733
4/26/2021	Sell	9,426	$22.00	$207,372.00	940,307
3/12/2021	Sell	25,000	$17.00	$425,000.00	949,733
1/4/2021	Sell	25,000	$14.29	$357,250.00	974,733
5/28/2020	Sell	50,000	$8.03	$401,500.00	999,733
3/24/2020	Sell	23,000	$7.09	$163,070.00	1,072,733
3/20/2020	Sell	23,067	$7.11	$164,006.37	1,072,733
3/11/2020	Sell	14,818	$8.69	$128,768.42	1,110,618
12/3/2019	Sell	39,787	$8.78	$349,329.86
11/12/2019	Sell	13,605	$9.22	$125,438.10	1,109,405
3/13/2019	Sell	139,042	$8.50	$1,181,857.00	1,134,842
11/8/2018	Sell	45,708	$9.15	$418,228.20	1,113,945
3/12/2018	Sell	50,000	$8.57	$428,500.00	1,095,800
4/20/2016	Sell	50,000	$12.59	$629,500.00	1,145,800
3/21/2016	Sell	27,900	$10.11	$282,069.00	1,195,800
3/9/2016	Sell	60,000	$8.63	$517,800.00	1,255,800
3/11/2014	Sell	80,000	$6.01	$480,800.00	1,650,800
8/30/2013	Buy	80,800	$5.13	$414,504.00	1,730,800

Arve Hanstveit Buying and Selling Activity at Energy Recovery

Energy Recovery Company Overview

Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment. It also provides PX G1300, which reduces energy consumption and operating costs of carbon dioxide-based refrigeration systems; and spare parts, as well as repair, field, and commissioning services. It sells its products under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, Ultra PX, PX G, PX G1300, PX PowerTrain, AT, and Aquabold brands to original equipment manufacturers, supermarket chains, cold storage facilities, refrigeration system installers, and other industrial users; aftermarket customers consisting of desalination plant owners and operators; and project developers, end-users, and industry consultants, as well as engineering, procurement, and construction firms. Energy Recovery, Inc. was incorporated in 1992 and is headquartered in San Leandro, California.

Today's Range

Now: $15.50

$14.96

$15.69

50 Day Range

MA: $17.78

$14.66

$19.93

2 Week Range

Now: $15.50

$12.26

$20.27

Volume

711,865 shs

Average Volume

525,621 shs

Market Capitalization

$897.30 million

P/E Ratio

45.59

Dividend Yield

N/A

Beta

1.22

I was wrong. Dead wrong.

From Porter & Company | Ad