Kovack Advisors Inc. Takes Position in Vishay Precision Group, Inc. (NYSE:VPG)

Kovack Advisors Inc. bought a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG) during the third quarter, Holdings Channel.com reports. The fund bought 8,421 shares of the scientific and technical instruments company’s stock, valued at approximately $218,000.

A number of other hedge funds have also recently bought and sold shares of the stock. EntryPoint Capital LLC lifted its position in shares of Vishay Precision Group by 34.2% in the 1st quarter. EntryPoint Capital LLC now owns 4,111 shares of the scientific and technical instruments company’s stock worth $145,000 after acquiring an additional 1,048 shares during the period. SG Americas Securities LLC bought a new position in Vishay Precision Group in the third quarter worth $146,000. State Board of Administration of Florida Retirement System bought a new stake in Vishay Precision Group in the 1st quarter valued at $314,000. Inspire Advisors LLC acquired a new position in shares of Vishay Precision Group in the 3rd quarter valued at $326,000. Finally, Tidal Investments LLC bought a new position in shares of Vishay Precision Group during the 1st quarter worth about $436,000. 87.61% of the stock is owned by institutional investors.

Vishay Precision Group Stock Down 1.0 %

Shares of NYSE:VPG opened at $21.43 on Friday. The company’s fifty day moving average is $23.84 and its 200-day moving average is $28.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.80 and a current ratio of 4.41. Vishay Precision Group, Inc. has a 52 week low of $21.11 and a 52 week high of $35.98. The company has a market capitalization of $284.05 million, a PE ratio of 21.65 and a beta of 1.17.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $75.73 million for the quarter, compared to analyst estimates of $73.47 million. Vishay Precision Group had a net margin of 4.13% and a return on equity of 6.24%. During the same period in the previous year, the business earned $0.47 earnings per share. Equities research analysts predict that Vishay Precision Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. B. Riley lowered their target price on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com cut Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.