Mayville Engineering Company, Inc. (NYSE:MEC) Director Steven L. Fisher Buys 3,000 Shares of Stock

Mayville Engineering Company, Inc. (NYSE:MEC) Director Steven L. Fisher purchased 3,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $12.75 per share, with a total value of $38,250.00. Following the purchase, the director now owns 21,735 shares in the company, valued at $277,121.25. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Mayville Engineering Stock Performance

Mayville Engineering stock opened at $12.69 on Tuesday. The firm has a 50 day simple moving average of $11.50 and a 200-day simple moving average of $11.95. Mayville Engineering Company, Inc. has a 1-year low of $9.55 and a 1-year high of $16.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.04. The stock has a market cap of $257.71 million, a price-to-earnings ratio of 32.54 and a beta of 0.84.

Institutional Trading of Mayville Engineering

Several hedge funds have recently made changes to their positions in MEC. Panagora Asset Management Inc. grew its stake in shares of Mayville Engineering by 5.0% in the 1st quarter. Panagora Asset Management Inc. now owns 32,473 shares of the company’s stock valued at $304,000 after buying an additional 1,552 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Mayville Engineering by 54.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 149,895 shares of the company’s stock valued at $1,405,000 after buying an additional 53,055 shares during the period. Vanguard Group Inc. boosted its position in shares of Mayville Engineering by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 397,833 shares of the company’s stock worth $3,728,000 after purchasing an additional 28,009 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Mayville Engineering by 7.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 24,076 shares of the company’s stock worth $226,000 after purchasing an additional 1,740 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Mayville Engineering during the 1st quarter worth approximately $97,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

About Mayville Engineering

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, prototyping and tooling, fabrication, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers. The company serves heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets.