Chicago Rivet & Machine (NYSEAMERICAN:CVR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVRFree Report) in a research note published on Tuesday. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Trading Down 3.2 %

Shares of NYSEAMERICAN CVR opened at $16.02 on Tuesday. The stock has a market cap of $15.54 million, a PE ratio of -3.51 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:CVRGet Free Report) last issued its quarterly earnings data on Thursday, March 28th. The company reported ($1.60) earnings per share for the quarter. Chicago Rivet & Machine had a negative return on equity of 15.66% and a negative net margin of 13.97%. The business had revenue of $6.78 million during the quarter.

Chicago Rivet & Machine Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Monday, March 4th. Chicago Rivet & Machine’s payout ratio is currently -8.77%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chicago Rivet & Machine stock. Cannell Capital LLC bought a new stake in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVRFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned approximately 1.18% of Chicago Rivet & Machine as of its most recent filing with the Securities & Exchange Commission. 19.87% of the stock is currently owned by institutional investors and hedge funds.

Chicago Rivet & Machine Company Profile

(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.

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