Perritt Capital Management Inc. reduced its stake in ASV Holdings Inc (NASDAQ:ASV) by 12.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 149,281 shares of the company’s stock after selling 20,719 shares during the quarter. Perritt Capital Management Inc.’s holdings in ASV were worth $1,023,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Gabelli Funds LLC bought a new stake in ASV in the second quarter worth about $632,000. Pacific Ridge Capital Partners LLC boosted its stake in ASV by 18.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 578,128 shares of the company’s stock valued at $1,590,000 after acquiring an additional 89,281 shares during the last quarter. S. Muoio & CO. LLC bought a new position in shares of ASV during the 2nd quarter valued at approximately $498,000. Deutsche Bank AG bought a new position in shares of ASV during the 4th quarter valued at approximately $26,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of ASV during the 2nd quarter worth approximately $82,000. 37.37% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the company. ValuEngine upgraded ASV from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Zacks Investment Research cut ASV from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Barrington Research reaffirmed a “hold” rating on shares of ASV in a research report on Monday, August 5th.

ASV traded up $0.01 on Wednesday, hitting $7.05. The company’s stock had a trading volume of 81 shares, compared to its average volume of 7,566. The company’s 50 day simple moving average is $7.01 and its 200-day simple moving average is $4.18. The firm has a market cap of $69.76 million, a P/E ratio of 58.75 and a beta of 5.77. ASV Holdings Inc has a 12 month low of $1.46 and a 12 month high of $7.06. The company has a quick ratio of 0.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.85.

ASV (NASDAQ:ASV) last issued its earnings results on Wednesday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). ASV had a negative net margin of 25.62% and a positive return on equity of 0.33%. The business had revenue of $36.02 million for the quarter, compared to the consensus estimate of $34.09 million. Equities analysts predict that ASV Holdings Inc will post 0.16 earnings per share for the current fiscal year.

About ASV

ASV Holdings, Inc designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV and Terex brands. The company also offers private label original equipment manufacturing services; and pre-and post-sale dealer support, after-sale technical support, and replacement parts.

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Institutional Ownership by Quarter for ASV (NASDAQ:ASV)

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