Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated by Analysts at StockNews.com

Posted by Don Miller on Jul 9th, 2024

StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a report released on Friday morning. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of CVR opened at $14.29 on Friday. Chicago Rivet & Machine has a twelve month low of $13.81 and a twelve month high of $26.75. The firm has a market capitalization of $13.86 million, a PE ratio of -3.05 and a beta of 0.14.

Chicago Rivet & Machine (NYSEAMERICAN:CVR – Get Free Report) last posted its earnings results on Friday, May 10th. The company reported ($0.72) EPS for the quarter. The company had revenue of $7.85 million during the quarter. Chicago Rivet & Machine had a negative net margin of 14.75% and a negative return on equity of 16.82%.

Chicago Rivet & Machine Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, June 5th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is -8.55%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new position in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned about 1.18% of Chicago Rivet & Machine as of its most recent filing with the SEC. 19.87% of the stock is currently owned by hedge funds and other institutional investors.

Chicago Rivet & Machine Company Profile

(Get Free Report)

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.