Servotronics, Inc. (NYSEAMERICAN:SVT) Insider Sells $17,820.00 in Stock

Servotronics, Inc. (NYSEAMERICAN:SVT) insider James C. Takacs sold 1,500 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $11.88, for a total transaction of $17,820.00. Following the sale, the insider now owns 14,615 shares of the company’s stock, valued at approximately $173,626.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Servotronics Stock Performance

Shares of Servotronics stock traded down $0.56 during trading hours on Tuesday, reaching $11.67. The company’s stock had a trading volume of 1,551 shares, compared to its average volume of 3,459. Servotronics, Inc. has a one year low of $8.80 and a one year high of $14.10. The company has a market cap of $29.88 million, a P/E ratio of -2.98 and a beta of 0.56.

Hedge Funds Weigh In On Servotronics

An institutional investor recently raised its position in Servotronics stock. Oppenheimer & Close LLC lifted its stake in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,727 shares of the conglomerate’s stock after purchasing an additional 12,633 shares during the quarter. Servotronics comprises 1.3% of Oppenheimer & Close LLC’s portfolio, making the stock its 27th largest position. Oppenheimer & Close LLC owned approximately 4.73% of Servotronics worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission. 24.77% of the stock is owned by institutional investors and hedge funds.

About Servotronics

Servotronics, Inc designs, manufactures, and markets servo-control components and other technology products for aerospace, military, and medical applications in the United States and internationally. It offers high-performance servo valves, including torque motor, hydraulic, and pneumatic valves. The company offers its products to products are sold to commercial aerospace, government, medical, and industrial markets.