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 report issued on Friday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Up 1.1 %

NYSEAMERICAN:CVR opened at $15.60 on Friday. Chicago Rivet & Machine has a one year low of $14.73 and a one year high of $30.76. The company has a market capitalization of $15.13 million, a P/E ratio of -3.42 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) EPS for the quarter. The company had revenue of $6.78 million during the quarter. Chicago Rivet & Machine had a negative net margin of 13.97% and a negative return on equity of 15.66%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted 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 buying an additional 13,626 shares during the last quarter. Cannell Capital LLC purchased a new stake in Chicago Rivet & Machine during the 3rd quarter worth about $202,000. BlackRock Inc. lifted its holdings in Chicago Rivet & Machine by 206,600.0% during the 2nd quarter. BlackRock Inc. now owns 2,067 shares of the company’s stock worth $53,000 after buying an additional 2,066 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in shares of Chicago Rivet & Machine during the fourth quarter worth about $43,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Chicago Rivet & Machine during the second quarter worth about $41,000. 19.87% of the stock is currently 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. 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.