Chicago Rivet & Machine (NYSEAMERICAN:CVR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note published on Friday. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Stock Down 0.6 %

Shares of Chicago Rivet & Machine stock opened at $15.50 on Friday. The firm has a market cap of $15.04 million, a price-to-earnings ratio of -3.40 and a beta of 0.11. Chicago Rivet & Machine has a one year low of $14.73 and a one year high of $30.48.

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

Chicago Rivet & Machine Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.58%. Chicago Rivet & Machine’s dividend payout ratio (DPR) is presently -8.77%.

Hedge Funds Weigh In On Chicago Rivet & Machine

A number of institutional investors and hedge funds have recently made changes to their positions in CVR. Captrust Financial Advisors acquired a new stake in Chicago Rivet & Machine in the 2nd quarter valued at about $41,000. Advisor Group Holdings Inc. acquired a new stake in Chicago Rivet & Machine in the 4th quarter valued at about $43,000. BlackRock Inc. grew its stake in Chicago Rivet & Machine by 206,600.0% in the 2nd quarter. BlackRock Inc. now owns 2,067 shares of the company’s stock valued at $53,000 after acquiring an additional 2,066 shares during the last quarter. Cannell Capital LLC acquired a new stake in Chicago Rivet & Machine in the 3rd quarter valued at about $202,000. Finally, Morgan Stanley grew its stake in Chicago Rivet & Machine by 8.6% in the 4th quarter. Morgan Stanley now owns 12,696 shares of the company’s stock valued at $363,000 after acquiring an additional 1,005 shares during the last quarter. 19.87% of the stock is owned by institutional investors and hedge funds.

About Chicago Rivet & Machine

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.