Rhumbline Advisers Invests $152,000 in Manitex International Inc (MNTX) Stock
Rhumbline Advisers bought a new stake in Manitex International Inc (NASDAQ:MNTX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,175 shares of the industrial products company’s stock, valued at approximately $152,000. Rhumbline Advisers owned approximately 0.07% of Manitex International as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently modified their holdings of MNTX. Acadian Asset Management LLC acquired a new position in shares of Manitex International in the second quarter valued at approximately $116,000. Element Capital Management LLC acquired a new position in shares of Manitex International in the first quarter valued at approximately $142,000. Northern Trust Corp boosted its holdings in shares of Manitex International by 18.9% in the first quarter. Northern Trust Corp now owns 41,789 shares of the industrial products company’s stock valued at $477,000 after buying an additional 6,634 shares during the period. Cannell Capital LLC boosted its holdings in shares of Manitex International by 728.1% in the first quarter. Cannell Capital LLC now owns 74,530 shares of the industrial products company’s stock valued at $852,000 after buying an additional 65,530 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Manitex International by 336.5% in the first quarter. Millennium Management LLC now owns 133,066 shares of the industrial products company’s stock valued at $1,521,000 after buying an additional 102,581 shares during the period. 56.36% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Robert S. Gigliotti sold 4,400 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $11.71, for a total transaction of $51,524.00. Following the completion of the transaction, the director now owns 83,750 shares in the company, valued at $980,712.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.78% of the company’s stock.
Manitex International stock opened at $10.23 on Wednesday. The company has a market capitalization of $204.89 million, a PE ratio of 50.80 and a beta of 1.31. Manitex International Inc has a twelve month low of $7.28 and a twelve month high of $13.26. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.54.
Manitex International (NASDAQ:MNTX) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The company had revenue of $63.90 million during the quarter, compared to analyst estimates of $62.05 million. Manitex International had a negative net margin of 1.98% and a positive return on equity of 6.07%. equities research analysts predict that Manitex International Inc will post 0.44 EPS for the current fiscal year.
Manitex International Profile
Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.
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