Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated by Analysts at StockNews.com

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

Chicago Rivet & Machine Price Performance

Shares of CVR remained flat at $16.75 during mid-day trading on Friday. 69 shares of the company’s stock were exchanged, compared to its average volume of 1,543. Chicago Rivet & Machine has a fifty-two week low of $14.73 and a fifty-two week high of $28.00.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings results on Friday, May 10th. The company reported ($0.72) EPS for the quarter. The company had revenue of $7.85 million during the quarter. Chicago Rivet & Machine had a negative return on equity of 16.82% and a negative net margin of 14.75%.

Chicago Rivet & Machine Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 2.39%. Chicago Rivet & Machine’s payout ratio is currently -8.55%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new stake in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned approximately 1.18% of Chicago Rivet & Machine as of its most recent SEC filing. 19.87% of the stock is currently owned by institutional investors and hedge funds.

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.