Chicago Rivet & Machine (NYSEAMERICAN:CVR) Research Coverage Started at StockNews.com

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

Chicago Rivet & Machine Price Performance

CVR stock opened at $16.38 on Monday. The company has a market cap of $15.88 million, a PE ratio of -3.79 and a beta of 0.10. Chicago Rivet & Machine has a 12-month low of $14.73 and a 12-month high of $31.22. The company has a 50 day simple moving average of $24.92.

Chicago Rivet & Machine Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 2.44%. Chicago Rivet & Machine’s payout ratio is -9.26%.

Hedge Funds Weigh In On Chicago Rivet & Machine

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Chicago Rivet & Machine by 1.0% in the 2nd quarter. Renaissance Technologies LLC now owns 49,210 shares of the company’s stock worth $1,402,000 after purchasing an additional 500 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Chicago Rivet & Machine by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 68,710 shares of the company’s stock worth $1,771,000 after purchasing an additional 576 shares in the last quarter. Morgan Stanley increased its stake in shares of Chicago Rivet & Machine by 8.6% in the 4th quarter. Morgan Stanley now owns 12,696 shares of the company’s stock worth $363,000 after purchasing an additional 1,005 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Chicago Rivet & Machine by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 41,282 shares of the company’s stock worth $701,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Chicago Rivet & Machine in the 2nd quarter worth $41,000. 19.87% of the stock is owned by institutional investors.

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co operates in the fastener industry in North America. The company 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 manufactures and sells automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.