Cenveo, Inc. (CVO) Bonds Drop 1% During Trading
An issue of Cenveo, Inc. (NYSE:CVO) bonds fell 1% as a percentage of their face value during trading on Wednesday. The debt issue has a 6% coupon and will mature on August 1, 2019. The debt is now trading at $70.75 and was trading at $77.25 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its stock price.
Shares of Cenveo, Inc. (NYSE:CVO) traded down 3.28% on Wednesday, reaching $1.77. The company’s stock had a trading volume of 145,326 shares. The firm has a 50-day moving average price of $3.50 and a 200 day moving average price of $4.74. The firm’s market capitalization is $15.19 million. Cenveo, Inc. has a one year low of $1.61 and a one year high of $8.50.
In related news, Chairman Robert G. Sr Burton, Sr. bought 24,390 shares of the stock in a transaction on Tuesday, August 29th. The stock was bought at an average price of $4.10 per share, for a total transaction of $99,999.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert G. Sr Burton, Sr. bought 53,855 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $3.70 per share, with a total value of $199,263.50. Following the acquisition, the chairman now owns 834,597 shares of the company’s stock, valued at $3,088,008.90. The disclosure for this purchase can be found here. In the last three months, insiders purchased 90,695 shares of company stock worth $349,165. 12.70% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of CVO. Benjamin F. Edwards & Company Inc. lifted its holdings in Cenveo by 29.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 43,633 shares of the business services provider’s stock worth $266,000 after buying an additional 10,000 shares during the period. Algert Global LLC lifted its holdings in Cenveo by 3.7% during the second quarter. Algert Global LLC now owns 79,791 shares of the business services provider’s stock worth $486,000 after buying an additional 2,879 shares during the period. Finally, Northern Trust Corp lifted its holdings in Cenveo by 2.3% during the second quarter. Northern Trust Corp now owns 19,139 shares of the business services provider’s stock worth $117,000 after buying an additional 436 shares during the period. Institutional investors own 46.37% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/18/cenveo-inc-cvo-bonds-drop-1-during-trading.html.
Cenveo, Inc is a diversified manufacturing company focused on print-related products. The Company’s portfolio of products includes envelope converting, commercial printing and label manufacturing. The Company operates through three segments: Envelope, Print and Label. The Company’s Envelope segment offers direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users, including financial institutions, insurance companies and telecommunications companies.
Receive News & Stock Ratings for Cenveo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenveo Inc. and related stocks with our FREE daily email newsletter.