Servotronics, Inc. (NYSEAMERICAN:SVT) Major Shareholder Sells $91,875.00 in Stock

Servotronics, Inc. (NYSEAMERICAN:SVT) major shareholder Beaver Hollow Wellness, Llc sold 7,500 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.25, for a total transaction of $91,875.00. Following the transaction, the insider now owns 428,557 shares of the company’s stock, valued at approximately $5,249,823.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Beaver Hollow Wellness, Llc also recently made the following trade(s):

• On Friday, April 5th, Beaver Hollow Wellness, Llc sold 600 shares of Servotronics stock. The stock was sold at an average price of $12.33, for a total transaction of $7,398.00.
• On Monday, March 25th, Beaver Hollow Wellness, Llc sold 11,638 shares of Servotronics stock. The stock was sold at an average price of $12.50, for a total transaction of $145,475.00.
• On Friday, March 22nd, Beaver Hollow Wellness, Llc sold 12,362 shares of Servotronics stock. The stock was sold at an average price of $12.54, for a total transaction of $155,019.48.

Servotronics Trading Down 0.3 %

Shares of Servotronics stock traded down $0.04 on Tuesday, reaching $12.75. The stock had a trading volume of 231 shares, compared to its average volume of 5,357. Servotronics, Inc. has a 1 year low of $8.80 and a 1 year high of $14.32. The company has a market cap of $32.39 million, a price-to-earnings ratio of -2.90 and a beta of 0.63.

Servotronics (NYSEAMERICAN:SVT) last announced its quarterly earnings results on Friday, March 22nd. The conglomerate reported $0.15 earnings per share (EPS) for the quarter. Servotronics had a negative net margin of 23.77% and a negative return on equity of 16.05%. The firm had revenue of $12.34 million for the quarter.

Institutional Investors Weigh In On Servotronics

A number of institutional investors and hedge funds have recently bought and sold shares of SVT. Oppenheimer & Close LLC grew its position in Servotronics by 13.7% during the fourth quarter. Oppenheimer & Close LLC now owns 100,727 shares of the conglomerate’s stock valued at $1,259,000 after acquiring an additional 12,114 shares during the last quarter. Vanguard Group Inc. grew its position in Servotronics by 186.4% during the fourth quarter. Vanguard Group Inc. now owns 79,194 shares of the conglomerate’s stock valued at $990,000 after acquiring an additional 51,544 shares during the last quarter. Finally, Courier Capital LLC bought a new position in Servotronics during the first quarter valued at approximately $106,000. 24.77% of the stock is owned by hedge funds and other institutional investors.

About Servotronics

Servotronics, Inc designs, manufactures, and markets control components and consumer products in the United States and internationally. It operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment provides servo-control components to the commercial aerospace, aircraft, and government related industries; and medical and industrial markets.