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

StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVRFree Report) in a report issued on Sunday morning. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Trading Down 3.2 %

Shares of CVR stock opened at $16.45 on Friday. Chicago Rivet & Machine has a 52-week low of $14.73 and a 52-week high of $30.76. The firm has a market cap of $15.96 million, a PE ratio of -3.61 and a beta of 0.11. The firm has a fifty day simple moving average of $24.96.

Chicago Rivet & Machine (NYSEAMERICAN:CVRGet Free Report) last announced its quarterly earnings data 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 15.27%. The business had revenue of $6.78 million during the quarter.

Chicago Rivet & Machine Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Monday, March 4th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is currently -8.77%.

Institutional Investors Weigh In On Chicago Rivet & Machine

Hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors bought a new stake in Chicago Rivet & Machine during the 2nd quarter worth about $41,000. Advisor Group Holdings Inc. bought a new position in shares of Chicago Rivet & Machine in the 4th quarter valued at about $43,000. BlackRock Inc. boosted its stake in shares of Chicago Rivet & Machine by 206,600.0% in the 2nd quarter. BlackRock Inc. now owns 2,067 shares of the company’s stock valued at $53,000 after purchasing an additional 2,066 shares during the last quarter. Cannell Capital LLC bought a new position in shares of Chicago Rivet & Machine in the 3rd quarter valued at about $202,000. Finally, Morgan Stanley boosted its stake in shares of Chicago Rivet & Machine by 8.6% in the 4th quarter. Morgan Stanley now owns 12,696 shares of the company’s stock valued at $363,000 after purchasing an additional 1,005 shares during the last quarter. Institutional investors own 19.87% of the company’s stock.

About Chicago Rivet & Machine

(Get Free Report)

Chicago Rivet & Machine Co operates in the fastener industry in North America. The company 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 manufactures and sells automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.

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