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

StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVRFree Report) in a research report sent to investors on Tuesday morning. The firm issued a sell rating on the stock.

Separately, TheStreet lowered Chicago Rivet & Machine from a c rating to a d rating in a research report on Thursday, November 9th.

Get Our Latest Stock Report on CVR

Chicago Rivet & Machine Price Performance

NYSEAMERICAN:CVR opened at $17.11 on Tuesday. Chicago Rivet & Machine has a fifty-two week low of $15.16 and a fifty-two week high of $32.94. The company has a market cap of $16.60 million, a PE ratio of -3.96 and a beta of 0.14. The company’s 50-day simple moving average is $24.91.

Chicago Rivet & Machine (NYSEAMERICAN:CVRGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($1.00) earnings per share for the quarter. Chicago Rivet & Machine had a negative net margin of 13.21% and a negative return on equity of 14.21%. The business had revenue of $7.95 million for the quarter.

Chicago Rivet & Machine Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Tuesday, December 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Monday, December 4th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is -9.26%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new position in shares of Chicago Rivet & Machine during the 2nd quarter worth approximately $41,000. Advisor Group Holdings Inc. acquired a new position in shares of Chicago Rivet & Machine during the 4th quarter worth approximately $43,000. BlackRock Inc. increased its holdings in shares of 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 acquiring an additional 2,066 shares during the last quarter. Cannell Capital LLC acquired a new position in shares of Chicago Rivet & Machine during the 3rd quarter worth approximately $202,000. Finally, Morgan Stanley increased its holdings in shares of Chicago Rivet & Machine by 8.6% during the 4th quarter. Morgan Stanley now owns 12,696 shares of the company’s stock worth $363,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors and hedge funds own 20.88% of the company’s stock.

Chicago Rivet & Machine Company Profile

(Get Free Report)

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.

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