Xerium Technologies, Inc. (XRM) Position Reduced by Wilen Investment Management CORP.

Wilen Investment Management CORP. decreased its position in shares of Xerium Technologies, Inc. (NYSE:XRM) by 4.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 92,453 shares of the industrial products company’s stock after selling 3,900 shares during the quarter. Xerium Technologies accounts for 0.8% of Wilen Investment Management CORP.’s investment portfolio, making the stock its 26th biggest holding. Wilen Investment Management CORP.’s holdings in Xerium Technologies were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Chicago Capital Management LLC increased its holdings in shares of Xerium Technologies by 89,502.6% in the third quarter. Chicago Capital Management LLC now owns 896,026 shares of the industrial products company’s stock valued at $12,061,000 after buying an additional 895,026 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Xerium Technologies by 257.9% in the third quarter. Gabelli Funds LLC now owns 642,555 shares of the industrial products company’s stock valued at $8,649,000 after buying an additional 463,001 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Xerium Technologies by 12.0% in the second quarter. Renaissance Technologies LLC now owns 428,800 shares of the industrial products company’s stock valued at $5,677,000 after buying an additional 45,900 shares in the last quarter. Water Island Capital LLC bought a new position in shares of Xerium Technologies in the second quarter valued at $4,752,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Xerium Technologies by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 251,273 shares of the industrial products company’s stock valued at $3,327,000 after buying an additional 16,346 shares in the last quarter. 61.77% of the stock is currently owned by hedge funds and other institutional investors.

Separately, TheStreet cut Xerium Technologies from a “c-” rating to a “d+” rating in a report on Friday, August 24th.

NYSE XRM opened at $13.49 on Monday. Xerium Technologies, Inc. has a 1 year low of $3.70 and a 1 year high of $13.50.

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Xerium Technologies Company Profile

Xerium Technologies, Inc provides industrial consumable products and services. It operates through two segments, Machine Clothing and Roll Covers. The Machine Clothing segment provides various types of industrial textiles used on paper-making machines and other industrial applications. It manufactures forming fabrics that are used at the beginning of paper-making machines; press felts for carrying the paper sheet through a series of press rolls that mechanically press water from the sheet under high pressure; and dryer fabrics that transport the paper sheet through the drying section of paper-making machines.

Further Reading: Put Option

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Institutional Ownership by Quarter for Xerium Technologies (NYSE:XRM)

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