Pacific Ridge Capital Partners LLC Has $2.39 Million Position in ASV Holdings Inc (ASV)

Pacific Ridge Capital Partners LLC cut its holdings in ASV Holdings Inc (NASDAQ:ASV) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 483,602 shares of the company’s stock after selling 55,373 shares during the period. Pacific Ridge Capital Partners LLC owned 4.91% of ASV worth $2,394,000 as of its most recent SEC filing.

Separately, First Wilshire Securities Management Inc. grew its stake in ASV by 10.7% in the second quarter. First Wilshire Securities Management Inc. now owns 576,519 shares of the company’s stock valued at $3,338,000 after purchasing an additional 55,709 shares in the last quarter. 44.64% of the stock is owned by institutional investors and hedge funds.

ASV has been the subject of several recent analyst reports. Barrington Research reiterated a “buy” rating and set a $9.00 price target on shares of ASV in a research note on Wednesday, September 26th. ValuEngine downgraded ASV from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Roth Capital set a $7.00 price target on ASV and gave the stock a “buy” rating in a research note on Monday, November 5th. Finally, Zacks Investment Research downgraded ASV from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. ASV currently has a consensus rating of “Buy” and a consensus target price of $7.56.

ASV opened at $3.10 on Friday. The stock has a market cap of $28.13 million, a PE ratio of 14.09 and a beta of 1.56. ASV Holdings Inc has a 52-week low of $2.73 and a 52-week high of $10.80. The company has a quick ratio of 0.80, a current ratio of 2.21 and a debt-to-equity ratio of 0.41.

ASV (NASDAQ:ASV) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $32.78 million during the quarter, compared to the consensus estimate of $34.16 million. ASV had a positive return on equity of 2.30% and a negative net margin of 0.15%. On average, equities research analysts forecast that ASV Holdings Inc will post 0.12 earnings per share for the current year.

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ASV Profile

ASV Holdings, Inc designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV and Terex brands. The company also offers private label original equipment manufacturing services; and pre-and post-sale dealer support, after-sale technical support, and replacement parts.

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Institutional Ownership by Quarter for ASV (NASDAQ:ASV)

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