Sean P. Leuba Buys 1,000 Shares of Mayville Engineering Company, Inc. (NYSE:MEC) Stock

Mayville Engineering Company, Inc. (NYSE:MEC) SVP Sean P. Leuba acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $14.18 per share, for a total transaction of $14,180.00. Following the purchase, the senior vice president now owns 2,000 shares of the company’s stock, valued at approximately $28,360. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mayville Engineering Stock Up 0.8 %

Shares of NYSE:MEC opened at $14.33 on Monday. The stock’s 50-day moving average price is $15.39 and its two-hundred day moving average price is $17.50. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Mayville Engineering Company, Inc. has a 12-month low of $12.47 and a 12-month high of $23.02. The firm has a market cap of $295.81 million, a price-to-earnings ratio of 24.29 and a beta of 0.92.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their price objective on Mayville Engineering from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday.

Institutional Trading of Mayville Engineering

A number of hedge funds have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. acquired a new stake in Mayville Engineering in the 4th quarter worth about $1,518,000. Squarepoint Ops LLC purchased a new position in shares of Mayville Engineering in the 4th quarter worth about $427,000. Nokomis Capital L.L.C. raised its holdings in shares of Mayville Engineering by 270.0% in the 4th quarter. Nokomis Capital L.L.C. now owns 449,792 shares of the company’s stock worth $7,071,000 after purchasing an additional 328,223 shares during the period. Millennium Management LLC purchased a new position in shares of Mayville Engineering in the 4th quarter worth about $477,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Mayville Engineering by 90.2% in the 4th quarter. Lazard Asset Management LLC now owns 20,864 shares of the company’s stock worth $327,000 after purchasing an additional 9,892 shares during the period. 45.44% of the stock is owned by institutional investors and hedge funds.

About Mayville Engineering

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.