Potrero Capital Research LLC Takes $389,000 Position in Manitex International Inc (NASDAQ:MNTX)

Potrero Capital Research LLC purchased a new position in shares of Manitex International Inc (NASDAQ:MNTX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 63,672 shares of the industrial products company’s stock, valued at approximately $389,000. Potrero Capital Research LLC owned 0.32% of Manitex International at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. WealthTrust Axiom LLC increased its position in Manitex International by 3.3% in the second quarter. WealthTrust Axiom LLC now owns 910,992 shares of the industrial products company’s stock worth $5,566,000 after buying an additional 29,046 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of Manitex International by 9.4% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 795,091 shares of the industrial products company’s stock valued at $4,858,000 after acquiring an additional 68,559 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Manitex International by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 727,181 shares of the industrial products company’s stock valued at $4,443,000 after acquiring an additional 143,414 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in shares of Manitex International by 2.5% in the 1st quarter. Kennedy Capital Management Inc. now owns 436,294 shares of the industrial products company’s stock valued at $3,338,000 after acquiring an additional 10,744 shares during the last quarter. Finally, Shufro Rose & Co. LLC raised its position in Manitex International by 13.5% during the 2nd quarter. Shufro Rose & Co. LLC now owns 352,483 shares of the industrial products company’s stock valued at $2,154,000 after purchasing an additional 42,001 shares during the last quarter. 51.78% of the stock is owned by institutional investors and hedge funds.

MNTX has been the topic of a number of research analyst reports. ValuEngine upgraded Manitex International from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Dougherty & Co restated a “buy” rating on shares of Manitex International in a research note on Wednesday, August 28th.



In other news, CEO Steve Filipov acquired 5,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $5.76 per share, for a total transaction of $28,800.00. Following the completion of the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $316,800. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.07% of the company’s stock.

Shares of Manitex International stock traded up $0.13 during midday trading on Friday, hitting $6.38. The company had a trading volume of 2,897 shares, compared to its average volume of 48,567. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.90 and a current ratio of 1.83. The stock has a market capitalization of $124.05 million, a P/E ratio of 19.36, a P/E/G ratio of 1.97 and a beta of 1.59. The company has a 50 day moving average of $5.82 and a 200 day moving average of $6.61. Manitex International Inc has a 52-week low of $4.80 and a 52-week high of $11.09.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $60.97 million for the quarter. Manitex International had a positive return on equity of 6.11% and a negative net margin of 2.74%. Equities research analysts forecast that Manitex International Inc will post 0.32 EPS for the current year.

Manitex International Profile

Manitex International, Inc provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction.

See Also: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for Manitex International (NASDAQ:MNTX)

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