5.1% Stake of Manitex International, Inc. (MNTX) Held by Cortina Asset Management, LLC

Cortina Asset Management, LLC

stated that they own 5.1% of Manitex International, Inc. (NASDAQ:MNTX) in a Form 13G disclosure that was filed with the Securities and Exchange Commission on Wednesday, November 8th. The investor owns 839,594 shares of the stock worth about $7,027,402. The disclosure is available through Edgar at this hyperlink.

Several other institutional investors also recently bought and sold shares of MNTX. Wedbush Securities Inc. boosted its stake in Manitex International by 35.0% during the second quarter. Wedbush Securities Inc. now owns 14,658 shares of the industrial products company’s stock valued at $102,000 after buying an additional 3,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in Manitex International by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 135,962 shares of the industrial products company’s stock valued at $911,000 after buying an additional 4,176 shares during the period. Vanguard Group Inc. boosted its stake in Manitex International by 1.8% during the second quarter. Vanguard Group Inc. now owns 520,258 shares of the industrial products company’s stock valued at $3,632,000 after buying an additional 9,279 shares during the period. Auxier Asset Management boosted its stake in Manitex International by 4.9% during the second quarter. Auxier Asset Management now owns 201,881 shares of the industrial products company’s stock valued at $1,409,000 after buying an additional 9,500 shares during the period. Finally, Morgan Stanley lifted its stake in Manitex International by 2.6% during the first quarter. Morgan Stanley now owns 398,816 shares of the industrial products company’s stock worth $2,673,000 after purchasing an additional 9,980 shares during the last quarter. 61.01% of the stock is owned by hedge funds and other institutional investors.

Manitex International, Inc. (NASDAQ:MNTX) traded up $0.41 on Wednesday, hitting $8.39. The stock had a trading volume of 33,141 shares, compared to its average volume of 44,865. Manitex International, Inc. has a 1 year low of $4.98 and a 1 year high of $9.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 1.38. The stock has a market capitalization of $149.84, a P/E ratio of 56.56 and a beta of 2.07.

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Several equities research analysts have issued reports on MNTX shares. Zacks Investment Research lowered Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 10th. Roth Capital lowered Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research note on Tuesday. Finally, ValuEngine lowered Manitex International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

Manitex International Company Profile

Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.

Institutional Ownership by Quarter for Manitex International (NASDAQ:MNTX)

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