JB Capital Partners LP Has $3.94 Million Stake in Mayville Engineering Company, Inc. (NYSE:MEC)

JB Capital Partners LP raised its stake in Mayville Engineering Company, Inc. (NYSE:MEC) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 250,512 shares of the company’s stock after buying an additional 8,906 shares during the quarter. Mayville Engineering comprises 0.8% of JB Capital Partners LP’s investment portfolio, making the stock its 23rd largest position. JB Capital Partners LP’s holdings in Mayville Engineering were worth $3,938,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in Mayville Engineering by 10.8% in the 4th quarter. Principal Financial Group Inc. now owns 14,529 shares of the company’s stock valued at $228,000 after buying an additional 1,417 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Mayville Engineering by 91.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 122,055 shares of the company’s stock worth $2,573,000 after acquiring an additional 58,242 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Mayville Engineering by 5.4% in the third quarter. Geode Capital Management LLC now owns 277,679 shares of the company’s stock valued at $5,855,000 after purchasing an additional 14,118 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Mayville Engineering by 1,061.5% during the third quarter. BNP Paribas Financial Markets now owns 29,688 shares of the company’s stock valued at $626,000 after purchasing an additional 27,132 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Mayville Engineering by 44.2% during the third quarter. Barclays PLC now owns 37,486 shares of the company’s stock worth $790,000 after purchasing an additional 11,489 shares during the last quarter. Institutional investors own 45.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their target price on shares of Mayville Engineering from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th.

Mayville Engineering Stock Down 6.8 %

Mayville Engineering stock opened at $12.82 on Friday. The firm has a 50 day moving average price of $14.82 and a 200-day moving average price of $16.86. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.47. Mayville Engineering Company, Inc. has a twelve month low of $12.75 and a twelve month high of $23.02. The company has a market capitalization of $261.68 million, a P/E ratio of 21.72 and a beta of 0.89.

Mayville Engineering Company Profile

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.