Rutabaga Capital Management LLC MA raised its stake in shares of Manitex International Inc (NASDAQ:MNTX) by 16.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 929,603 shares of the industrial products company’s stock after acquiring an additional 134,142 shares during the period. Manitex International makes up about 2.1% of Rutabaga Capital Management LLC MA’s holdings, making the stock its 26th largest holding. Rutabaga Capital Management LLC MA’s holdings in Manitex International were worth $5,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in Manitex International by 229.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,760 shares of the industrial products company’s stock valued at $25,000 after buying an additional 2,617 shares in the last quarter. Heartland Advisors Inc. purchased a new stake in Manitex International during the 4th quarter valued at approximately $110,000. Keeley Teton Advisors LLC grew its holdings in Manitex International by 12.5% during the 3rd quarter. Keeley Teton Advisors LLC now owns 22,500 shares of the industrial products company’s stock valued at $150,000 after buying an additional 2,500 shares in the last quarter. Wedbush Securities Inc. grew its holdings in Manitex International by 39.2% during the 4th quarter. Wedbush Securities Inc. now owns 194,440 shares of the industrial products company’s stock valued at $1,157,000 after buying an additional 54,803 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew its holdings in Manitex International by 4.8% during the 4th quarter. Essex Investment Management Co. LLC now owns 224,323 shares of the industrial products company’s stock valued at $1,335,000 after buying an additional 10,296 shares in the last quarter. 50.43% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ MNTX traded up $0.12 during midday trading on Friday, reaching $5.89. 27,816 shares of the stock traded hands, compared to its average volume of 19,689. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.94 and a quick ratio of 0.93. The stock has a market capitalization of $113.62 million, a PE ratio of -6.27, a P/E/G ratio of 2.02 and a beta of 1.38. Manitex International Inc has a one year low of $4.80 and a one year high of $8.72. The company’s 50 day moving average is $5.66 and its 200 day moving average is $5.75.
A number of brokerages have issued reports on MNTX. Zacks Investment Research raised shares of Manitex International from a “strong sell” rating to a “hold” rating in a report on Thursday, January 9th. TheStreet lowered shares of Manitex International from a “c-” rating to a “d+” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $6.75.
Manitex International 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.