Chicago Rivet & Machine (NYSEAMERICAN:CVR) Now Covered by StockNews.com

Posted by Floyd Graber on Apr 28th, 2024

StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a report published on Wednesday. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of Chicago Rivet & Machine stock opened at $16.29 on Wednesday. The company has a market capitalization of $15.80 million, a price-to-earnings ratio of -3.57 and a beta of 0.11. Chicago Rivet & Machine has a 52 week low of $14.73 and a 52 week high of $30.00.

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

Chicago Rivet & Machine Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Monday, March 4th. Chicago Rivet & Machine’s payout ratio is currently -8.77%.

Institutional Investors Weigh In On Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC purchased a new position in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned 1.18% of Chicago Rivet & Machine at the end of the most recent reporting period. Institutional investors and hedge funds own 19.87% of the company’s stock.

About Chicago Rivet & Machine

(Get Free Report)

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.