StockNews.com Begins Coverage on Chicago Rivet & Machine (NYSEAMERICAN:CVR)

Equities research analysts at StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note issued to investors on Thursday. The firm set a “sell” rating on the stock.

Chicago Rivet & Machine Price Performance

NYSEAMERICAN CVR opened at $15.67 on Thursday. Chicago Rivet & Machine has a 12-month low of $14.73 and a 12-month high of $30.48. The firm has a market capitalization of $15.20 million, a P/E ratio of -3.44 and a beta of 0.11.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($1.60) earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative net margin of 13.97% and a negative return on equity of 15.66%. The business had revenue of $6.78 million during the quarter.

Hedge Funds Weigh In On Chicago Rivet & Machine

A number of hedge funds have recently bought and sold shares of CVR. Vanguard Group Inc. boosted its holdings in Chicago Rivet & Machine by 91.7% during the 1st 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 last quarter. Renaissance Technologies LLC boosted its holdings in Chicago Rivet & Machine by 1.0% during the 2nd quarter. Renaissance Technologies LLC now owns 49,210 shares of the company’s stock worth $1,402,000 after acquiring an additional 500 shares during the last quarter. Captrust Financial Advisors purchased a new position in Chicago Rivet & Machine during the 2nd quarter worth $41,000. Dimensional Fund Advisors LP boosted its holdings in Chicago Rivet & Machine by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 68,710 shares of the company’s stock worth $1,771,000 after acquiring an additional 576 shares during the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in Chicago Rivet & Machine during the 4th quarter worth $43,000. 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.