StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a report released on Thursday morning. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Trading Up 3.3 %
NYSEAMERICAN:CVR opened at $16.19 on Thursday. The company has a market cap of $15.70 million, a price-to-earnings ratio of -3.55 and a beta of 0.11. Chicago Rivet & Machine has a twelve month low of $14.73 and a twelve month high of $30.48.
Chicago Rivet & Machine (NYSEAMERICAN:CVR – Get Free Report) last released its quarterly earnings data on Thursday, March 28th. The company reported ($1.60) EPS for the quarter. The business had revenue of $6.78 million during the quarter. Chicago Rivet & Machine had a negative net margin of 13.97% and a negative return on equity of 15.66%.
Chicago Rivet & Machine Dividend Announcement
Institutional Trading of Chicago Rivet & Machine
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Chicago Rivet & Machine by 91.7% during the first quarter. Vanguard Group Inc. now owns 28,479 shares of the company’s stock worth $746,000 after acquiring an additional 13,626 shares during the period. Cannell Capital LLC acquired a new stake in shares of Chicago Rivet & Machine in the third quarter valued at about $202,000. BlackRock Inc. raised its position in shares of Chicago Rivet & Machine by 206,600.0% in the second quarter. BlackRock Inc. now owns 2,067 shares of the company’s stock valued at $53,000 after buying an additional 2,066 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in shares of Chicago Rivet & Machine in the fourth quarter valued at about $43,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Chicago Rivet & Machine in the second quarter valued at about $41,000. 19.87% of the stock is owned by hedge funds and other institutional investors.
Chicago Rivet & Machine Company Profile
Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.
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