Royce & Associates LP Takes $527,000 Position in Manitex International Inc (NASDAQ:MNTX)

Royce & Associates LP purchased a new position in shares of Manitex International Inc (NASDAQ:MNTX) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 68,898 shares of the industrial products company’s stock, valued at approximately $527,000. Royce & Associates LP owned 0.35% of Manitex International as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. WealthTrust Axiom LLC increased its position in shares of Manitex International by 0.5% during the first quarter. WealthTrust Axiom LLC now owns 881,946 shares of the industrial products company’s stock worth $6,746,000 after purchasing an additional 4,108 shares in the last quarter. BlackRock Inc. increased its position in Manitex International by 0.5% in the 4th quarter. BlackRock Inc. now owns 723,770 shares of the industrial products company’s stock valued at $4,111,000 after acquiring an additional 3,878 shares during the period. Vanguard Group Inc. increased its position in Manitex International by 18.8% in the 3rd quarter. Vanguard Group Inc. now owns 715,261 shares of the industrial products company’s stock valued at $7,532,000 after acquiring an additional 113,430 shares during the period. Vanguard Group Inc boosted its holdings in Manitex International by 18.8% in the 3rd quarter. Vanguard Group Inc now owns 715,261 shares of the industrial products company’s stock valued at $7,532,000 after purchasing an additional 113,430 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA boosted its holdings in Manitex International by 43.7% in the 4th quarter. Rutabaga Capital Management LLC MA now owns 713,161 shares of the industrial products company’s stock valued at $4,051,000 after purchasing an additional 217,018 shares in the last quarter. Hedge funds and other institutional investors own 52.32% of the company’s stock.

MNTX has been the topic of several research analyst reports. Zacks Investment Research lowered Manitex International from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. ValuEngine raised Manitex International from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Finally, Roth Capital reiterated a “buy” rating on shares of Manitex International in a report on Friday, March 15th.

NASDAQ:MNTX traded down $0.06 on Monday, reaching $6.05. The stock had a trading volume of 61,900 shares, compared to its average volume of 66,197. The company has a market cap of $120.26 million, a PE ratio of 18.33 and a beta of 1.56. Manitex International Inc has a 12-month low of $4.80 and a 12-month high of $13.26. The stock’s 50-day moving average price is $6.00. The company has a current ratio of 1.72, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). The company had revenue of $57.42 million for the quarter, compared to analyst estimates of $57.20 million. Manitex International had a negative net margin of 4.44% and a positive return on equity of 6.82%.

About Manitex International

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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Institutional Ownership by Quarter for Manitex International (NASDAQ:MNTX)

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