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

StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report sent to investors on Monday. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Price Performance

Shares of NYSEAMERICAN CVR opened at $17.26 on Monday. Chicago Rivet & Machine has a 1-year low of $14.73 and a 1-year high of $29.33. The firm has a market cap of $16.74 million, a price-to-earnings ratio of -3.79 and a beta of 0.13.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its earnings results on Thursday, March 28th. The company reported ($1.60) earnings per share (EPS) 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Monday, March 4th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is currently -8.77%.

Institutional Trading of Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC purchased a new stake in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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 SEC filing. 19.87% of the stock is currently owned by institutional investors and hedge funds.

About Chicago Rivet & Machine

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.