Weber Alan W continued to hold its stake in Xerium Technologies, Inc. (NYSE:XRM) during the second quarter, Holdings Channel reports. The institutional investor owned 77,258 shares of the industrial products company’s stock at the end of the second quarter. Weber Alan W’s holdings in Xerium Technologies were worth $555,000 as of its most recent SEC filing.

Separately, WealthTrust Axiom LLC increased its stake in shares of Xerium Technologies by 1.4% in the second quarter. WealthTrust Axiom LLC now owns 169,974 shares of the industrial products company’s stock valued at $1,222,000 after buying an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 65.06% of the company’s stock.

Shares of Xerium Technologies, Inc. (XRM) opened at 5.90 on Friday. The company’s 50-day moving average price is $7.09 and its 200 day moving average price is $6.40. The company’s market cap is $96.41 million. Xerium Technologies, Inc. has a 52 week low of $4.68 and a 52 week high of $9.16.

Xerium Technologies (NYSE:XRM) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.06. Xerium Technologies had a negative return on equity of 2.20% and a negative net margin of 6.04%. The business had revenue of $120.34 million for the quarter. On average, equities analysts forecast that Xerium Technologies, Inc. will post $0.43 EPS for the current fiscal year.

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In related news, Director Jay J. Gurandiano sold 4,000 shares of Xerium Technologies stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $7.01, for a total transaction of $28,040.00. Following the completion of the transaction, the director now owns 48,917 shares in the company, valued at $342,908.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Staton purchased 10,000 shares of Xerium Technologies stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average price of $6.23 per share, with a total value of $62,300.00. Following the acquisition, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $124,600. The disclosure for this purchase can be found here. Company insiders own 17.70% of the company’s stock.

Xerium Technologies Company Profile

Xerium Technologies, Inc (Xerium) is a manufacturer and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Company markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Company operates in two segments: machine clothing and roll covers.

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Institutional Ownership by Quarter for Xerium Technologies (NYSE:XRM)

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