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

StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVRFree Report) in a report published on Monday morning. The firm issued a sell rating on the stock.

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

Check Out Our Latest Analysis on CVR

Chicago Rivet & Machine Stock Performance

NYSEAMERICAN:CVR opened at $15.75 on Monday. The firm has a market capitalization of $15.28 million, a price-to-earnings ratio of -3.65 and a beta of 0.14. Chicago Rivet & Machine has a 12 month low of $15.16 and a 12 month high of $32.94. The company has a 50-day moving average price of $24.91.

Chicago Rivet & Machine Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Tuesday, December 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.54%. Chicago Rivet & Machine’s payout ratio is -9.26%.

Hedge Funds Weigh In On Chicago Rivet & Machine

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Chicago Rivet & Machine by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 68,710 shares of the company’s stock valued at $1,771,000 after buying an additional 576 shares during the period. Renaissance Technologies LLC lifted its holdings in Chicago Rivet & Machine by 1.0% in the second quarter. Renaissance Technologies LLC now owns 49,210 shares of the company’s stock valued at $1,402,000 after buying an additional 500 shares during the period. Vanguard Group Inc. increased its stake in Chicago Rivet & Machine by 91.7% in the first quarter. Vanguard Group Inc. now owns 28,479 shares of the company’s stock valued at $746,000 after purchasing an additional 13,626 shares in the last quarter. Morgan Stanley increased its stake in 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 purchasing an additional 1,005 shares in the last quarter. Finally, BlackRock Inc. increased its stake in 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 in the last quarter. 20.88% of the stock is currently owned by institutional investors and hedge funds.

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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