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

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

Chicago Rivet & Machine Price Performance

Shares of NYSEAMERICAN:CVR opened at $16.75 on Friday. The firm has a market cap of $16.25 million, a price-to-earnings ratio of -3.58 and a beta of 0.13. Chicago Rivet & Machine has a 12-month low of $14.73 and a 12-month high of $28.00.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last released its quarterly earnings results on Friday, May 10th. The company reported ($0.72) earnings per share for the quarter. The business had revenue of $7.85 million for the quarter. Chicago Rivet & Machine had a negative net margin of 14.75% and a negative return on equity of 16.82%.

Chicago Rivet & Machine Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.40 annualized dividend and a yield of 2.39%. Chicago Rivet & Machine’s dividend payout ratio is -8.55%.

Institutional Trading of Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC bought a new position in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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 quarter. Hedge funds and other institutional investors 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.