Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report report published on Monday. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Price Performance

Shares of CVR opened at $16.86 on Monday. The stock has a market cap of $16.35 million, a price-to-earnings ratio of -3.70 and a beta of 0.13. Chicago Rivet & Machine has a 12 month low of $14.73 and a 12 month high of $28.00.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its earnings results on Thursday, March 28th. The company reported ($1.60) EPS for the quarter. Chicago Rivet & Machine had a negative return on equity of 15.66% and a negative net margin of 13.97%. The company had revenue of $6.78 million for the quarter.

Chicago Rivet & Machine Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 5th were given a $0.10 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.40 annualized dividend and a yield of 2.37%. Chicago Rivet & Machine’s payout ratio is -8.77%.

Hedge Funds Weigh In On Chicago Rivet & Machine

An institutional investor recently bought a new position in Chicago Rivet & Machine stock. Cannell Capital LLC purchased a new stake in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned 1.18% of Chicago Rivet & Machine as of its most recent SEC filing. 19.87% of the stock is currently owned by institutional investors.

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.