Macquarie Group Ltd. Takes Position in Manitex International Inc (MNTX)
Macquarie Group Ltd. purchased a new stake in shares of Manitex International Inc (NASDAQ:MNTX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,758 shares of the industrial products company’s stock, valued at approximately $122,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northern Trust Corp increased its holdings in shares of Manitex International by 18.9% in the first quarter. Northern Trust Corp now owns 41,789 shares of the industrial products company’s stock worth $477,000 after buying an additional 6,634 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Manitex International in the second quarter worth about $116,000. Rhumbline Advisers purchased a new position in shares of Manitex International in the second quarter worth about $152,000. Element Capital Management LLC purchased a new position in shares of Manitex International in the first quarter worth about $142,000. Finally, Private Advisor Group LLC purchased a new position in shares of Manitex International in the second quarter worth about $166,000. Institutional investors and hedge funds own 56.36% of the company’s stock.
In related news, Director Robert S. Gigliotti sold 4,400 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $11.71, for a total transaction of $51,524.00. Following the transaction, the director now owns 83,750 shares in the company, valued at approximately $980,712.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.78% of the stock is owned by insiders.
MNTX opened at $8.79 on Friday. The stock has a market capitalization of $206.46 million, a PE ratio of 44.65 and a beta of 1.28. The company has a current ratio of 1.79, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. Manitex International Inc has a 12 month low of $7.28 and a 12 month high of $13.26.
Manitex International (NASDAQ:MNTX) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manitex International had a negative net margin of 1.98% and a positive return on equity of 6.07%. The business had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $62.05 million. On average, analysts predict that Manitex International Inc will post 0.44 earnings per share for the current year.
Manitex International Profile
Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.
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