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

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

Chicago Rivet & Machine Stock Performance

Shares of CVR stock opened at $15.69 on Wednesday. Chicago Rivet & Machine has a 12 month low of $14.73 and a 12 month high of $30.00. The company has a market cap of $15.22 million, a price-to-earnings ratio of -3.44 and a beta of 0.11.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its earnings results on Thursday, March 28th. The company reported ($1.60) earnings per share (EPS) for the quarter. The firm 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 5th were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 2.55%. Chicago Rivet & Machine’s dividend payout ratio is presently -8.77%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new position in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned about 1.18% of Chicago Rivet & Machine at the end of the most recent quarter. Hedge funds and other institutional investors own 19.87% of the company’s stock.

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.