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

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

Chicago Rivet & Machine Price Performance

Shares of CVR stock opened at $16.86 on Monday. The firm has a market capitalization of $16.35 million, a P/E ratio of -3.70 and a beta of 0.13. Chicago Rivet & Machine has a one year low of $14.73 and a one year high of $28.00.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last released its quarterly earnings data on Thursday, March 28th. The company reported ($1.60) earnings per share for the quarter. The company had revenue of $6.78 million for the quarter. Chicago Rivet & Machine had a negative net margin of 13.97% and a negative return on equity of 15.66%.

Chicago Rivet & Machine Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Monday, March 4th. Chicago Rivet & Machine’s dividend payout ratio (DPR) is -8.77%.

Institutional Investors Weigh In On 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:CVR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period. Institutional investors and hedge funds own 19.87% of the company’s stock.

Chicago Rivet & Machine Company Profile

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.