Ancora Advisors LLC Purchases 84,029 Shares of Manitex International, Inc. (NASDAQ:MNTX)

Ancora Advisors LLC grew its position in Manitex International, Inc. (NASDAQ:MNTX) by 95.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,429 shares of the industrial products company’s stock after buying an additional 84,029 shares during the period. Ancora Advisors LLC’s holdings in Manitex International were worth $1,183,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Manitex International in the 4th quarter valued at about $27,000. My Personal CFO LLC acquired a new stake in Manitex International in the 4th quarter worth approximately $87,000. Ritholtz Wealth Management acquired a new stake in Manitex International in the 4th quarter worth approximately $111,000. Cutter & CO Brokerage Inc. acquired a new stake in Manitex International in the 1st quarter worth approximately $128,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in Manitex International by 20.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 5,853 shares in the last quarter. 46.01% of the stock is currently owned by institutional investors.

Manitex International Stock Up 3.7 %

MNTX stock opened at $5.09 on Thursday. The firm has a 50 day moving average of $4.96 and a 200 day moving average of $6.12. The stock has a market capitalization of $103.63 million, a PE ratio of 10.83 and a beta of 0.79. The company has a quick ratio of 0.67, a current ratio of 1.57 and a debt-to-equity ratio of 0.84. Manitex International, Inc. has a 52 week low of $3.72 and a 52 week high of $9.16.

Manitex International (NASDAQ:MNTX) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. The company had revenue of $73.34 million during the quarter, compared to analysts’ expectations of $71.01 million. Manitex International had a net margin of 3.23% and a return on equity of 18.93%. Sell-side analysts forecast that Manitex International, Inc. will post 0.37 earnings per share for the current year.

About Manitex International

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.