Manatuck Hill Partners LLC Takes $1.92 Million Position in ASV Holdings Inc (ASV)
Manatuck Hill Partners LLC purchased a new stake in shares of ASV Holdings Inc (NYSE:ASV) in the second quarter, according to its most recent filing with the SEC. The firm purchased 235,000 shares of the company’s stock, valued at approximately $1,915,000. Manatuck Hill Partners LLC owned 2.40% of ASV Holdings at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of ASV Holdings during the 2nd quarter worth approximately $7,494,000. Kennedy Capital Management Inc. acquired a new stake in shares of ASV Holdings in the 2nd quarter worth approximately $3,161,000. S Squared Technology LLC acquired a new stake in shares of ASV Holdings in the 2nd quarter worth approximately $2,526,000. Pacific Ridge Capital Partners LLC acquired a new stake in shares of ASV Holdings in the 2nd quarter worth approximately $1,877,000. Finally, Royce & Associates LP acquired a new stake in shares of ASV Holdings in the 2nd quarter worth approximately $1,133,000.
Several equities analysts recently weighed in on the company. Roth Capital assumed coverage on ASV Holdings in a research note on Wednesday, June 7th. They issued a “buy” rating and a $11.50 price objective for the company. Seaport Global Securities initiated coverage on ASV Holdings in a report on Wednesday, June 7th. They set a “buy” rating and a $9.50 price objective for the company. Finally, Zacks Investment Research downgraded ASV Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th.
ASV Holdings Inc (NYSE:ASV) traded down 0.25% on Monday, hitting $8.11. The stock had a trading volume of 1,287 shares. The stock has a 50-day moving average of $8.06 and a 200-day moving average of $8.06. ASV Holdings Inc has a one year low of $7.23 and a one year high of $9.56. The company has a market cap of $79.48 million and a PE ratio of 261.61.
ASV Holdings (NYSE:ASV) last announced its earnings results on Wednesday, August 9th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The firm had revenue of $34.24 million for the quarter, compared to analysts’ expectations of $28.50 million. ASV Holdings had a return on equity of 11.75% and a net margin of 5.12%. Equities analysts expect that ASV Holdings Inc will post $0.34 earnings per share for the current fiscal year.
ASV Holdings Profile
ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
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