Steve Filipov Purchases 5,000 Shares of Manitex International Inc (NASDAQ:MNTX) Stock

Manitex International Inc (NASDAQ:MNTX) CEO Steve Filipov bought 5,000 shares of Manitex International stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $5.60 per share, with a total value of $28,000.00. Following the transaction, the chief executive officer now owns 55,000 shares of the company’s stock, valued at approximately $308,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Steve Filipov also recently made the following trade(s):

  • On Thursday, September 5th, Steve Filipov bought 5,000 shares of Manitex International stock. The stock was acquired at an average cost of $5.76 per share, with a total value of $28,800.00.

Shares of Manitex International stock traded up $0.06 during trading on Friday, reaching $5.95. The company’s stock had a trading volume of 46,526 shares, compared to its average volume of 52,033. The business’s 50-day moving average price is $5.89 and its 200-day moving average price is $6.70. The firm has a market cap of $115.97 million, a PE ratio of 20.31, a P/E/G ratio of 1.84 and a beta of 1.59. Manitex International Inc has a 52 week low of $4.80 and a 52 week high of $11.76. The company has a quick ratio of 0.90, a current ratio of 1.83 and a debt-to-equity ratio of 0.56.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. The business had revenue of $60.97 million during the quarter. Manitex International had a positive return on equity of 6.11% and a negative net margin of 2.74%. Equities analysts predict that Manitex International Inc will post 0.32 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Manitex International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Dougherty & Co reissued a “buy” rating on shares of Manitex International in a research report on Wednesday, August 28th. Finally, Zacks Investment Research raised shares of Manitex International from a “hold” rating to a “strong-buy” rating and set a $8.25 target price for the company in a research report on Thursday, May 16th.

Hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new position in Manitex International in the second quarter valued at about $68,000. Cutter & CO Brokerage Inc. acquired a new position in Manitex International in the second quarter valued at about $77,000. Bank of America Corp DE raised its stake in Manitex International by 67.9% in the fourth quarter. Bank of America Corp DE now owns 30,145 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 12,187 shares in the last quarter. Deutsche Bank AG raised its stake in Manitex International by 2.9% in the fourth quarter. Deutsche Bank AG now owns 49,049 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 1,383 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Manitex International by 38.4% in the second quarter. JPMorgan Chase & Co. now owns 65,168 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 18,086 shares in the last quarter. 49.62% of the stock is owned by institutional investors and hedge funds.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction.

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