Unique Fabricating Inc (UFAB) Stake Boosted by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. lifted its stake in shares of Unique Fabricating Inc (NASDAQ:UFAB) by 47.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 175,282 shares of the company’s stock after purchasing an additional 56,799 shares during the quarter. Kennedy Capital Management Inc. owned about 1.80% of Unique Fabricating worth $1,669,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. LSV Asset Management acquired a new position in shares of Unique Fabricating during the 2nd quarter worth $120,000. LMR Partners LLP acquired a new position in shares of Unique Fabricating during the 2nd quarter worth $167,000. Pacific Ridge Capital Partners LLC grew its stake in shares of Unique Fabricating by 59.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 186,790 shares of the company’s stock worth $1,778,000 after purchasing an additional 69,518 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Unique Fabricating by 56.6% during the 2nd quarter. Royce & Associates LP now owns 564,389 shares of the company’s stock worth $5,373,000 after purchasing an additional 203,900 shares during the period.
Unique Fabricating Inc (UFAB) opened at 7.34 on Thursday. Unique Fabricating Inc has a 1-year low of $7.26 and a 1-year high of $15.25. The firm has a market capitalization of $71.61 million and a PE ratio of 9.06. The stock’s 50 day moving average is $7.61 and its 200-day moving average is $7.61.
Unique Fabricating (NASDAQ:UFAB) last released its earnings results on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The firm had revenue of $44.52 million for the quarter, compared to analyst estimates of $46.47 million. Unique Fabricating had a return on equity of 13.16% and a net margin of 3.75%. Equities research analysts forecast that Unique Fabricating Inc will post $0.74 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend was Tuesday, August 29th.
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A number of research firms have recently weighed in on UFAB. B. Riley lowered their price target on shares of Unique Fabricating from $13.75 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. TheStreet cut shares of Unique Fabricating from a “c-” rating to a “d+” rating in a research note on Wednesday, August 16th. Roth Capital set a $11.00 price target on shares of Unique Fabricating and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research cut shares of Unique Fabricating from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th.
About Unique Fabricating
Unique Fabricating, Inc is a United States-based company, which is engaged in the engineering and manufacturing of components for customers in the automotive and industrial appliance market. The Company offers various solutions, which consist of multi-material foam, rubber and plastic components. The Company’s fabricating capabilities include foam fabricating; foam die cutting; multi-layer die cutting; precision high-speed cutting; kiss cutting; fusion molding; vacuum forming; twin-sheet thermoforming; compression molding precision original equipment manufacturing (OEM) parts; non-metallic materials die cutting/fabrication; sound control parts, and soundproofing materials.
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