Chicago Rivet & Machine (NYSEAMERICAN:CVR) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVRFree Report) in a research note released on Thursday morning. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Price Performance

NYSEAMERICAN:CVR opened at $16.20 on Thursday. Chicago Rivet & Machine has a 12-month low of $14.73 and a 12-month high of $28.00. The stock has a market capitalization of $15.71 million, a P/E ratio of -3.46 and a beta of 0.13.

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

Chicago Rivet & Machine Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.40 annualized dividend and a yield of 2.47%. Chicago Rivet & Machine’s dividend payout ratio is -8.55%.

Institutional Trading of Chicago Rivet & Machine

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:CVRFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter. Institutional investors own 19.87% 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. 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.

Further Reading

Receive News & Ratings for Chicago Rivet & Machine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Rivet & Machine and related companies with MarketBeat.com's FREE daily email newsletter.