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

StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note issued to investors on Tuesday. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of CVR opened at $16.02 on Tuesday. The stock has a market cap of $15.54 million, a price-to-earnings ratio of -3.51 and a beta of 0.11. Chicago Rivet & Machine has a 12 month low of $14.73 and a 12 month high of $30.00.

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

Chicago Rivet & Machine Dividend Announcement

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

Institutional Trading of Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new position in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 quarter. Institutional investors and hedge funds own 19.87% of the company’s stock.

About Chicago Rivet & Machine

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.