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

Stock analysts at StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of CVR opened at $15.67 on Thursday. Chicago Rivet & Machine has a twelve month low of $14.73 and a twelve month high of $30.48. The company has a market capitalization of $15.20 million, a price-to-earnings ratio of -3.44 and a beta of 0.11.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($1.60) EPS for the quarter. The business had revenue of $6.78 million during the quarter. Chicago Rivet & Machine had a negative return on equity of 15.66% and a negative net margin of 13.97%.

Hedge Funds Weigh In On Chicago Rivet & Machine

Institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors acquired a new position in shares of Chicago Rivet & Machine in the second quarter valued at $41,000. Advisor Group Holdings Inc. acquired a new position in shares of Chicago Rivet & Machine in the fourth quarter valued at $43,000. BlackRock Inc. increased its holdings in shares of Chicago Rivet & Machine by 206,600.0% in the second 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 acquired a new position in shares of Chicago Rivet & Machine in the third quarter valued at $202,000. Finally, Morgan Stanley grew its stake in shares of Chicago Rivet & Machine by 8.6% in the fourth quarter. Morgan Stanley now owns 12,696 shares of the company’s stock valued at $363,000 after acquiring an additional 1,005 shares in the last quarter. 19.87% of the stock is currently owned by institutional investors and hedge funds.

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co operates in the fastener industry in North America. It 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 engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.