StockNews.com Begins Coverage on Chicago Rivet & Machine (NYSEAMERICAN:CVR)

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

Chicago Rivet & Machine Stock Performance

CVR opened at $15.91 on Thursday. The company has a market cap of $15.43 million, a PE ratio of -3.40 and a beta of 0.13. Chicago Rivet & Machine has a 52-week low of $14.73 and a 52-week high of $28.00.

Chicago Rivet & Machine (NYSEAMERICAN:CVRGet Free Report) last released 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 firm had revenue of $7.85 million for the quarter.

Chicago Rivet & Machine Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, June 5th. Chicago Rivet & Machine’s dividend payout ratio is currently -8.55%.

Hedge Funds Weigh In On Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC purchased a new stake in 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 purchased 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned approximately 1.18% of Chicago Rivet & Machine at the end of the most recent reporting period. 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.

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