Invenomic Capital Management LP Invests $1.23 Million in Vishay Precision Group, Inc. (NYSE:VPG)

Invenomic Capital Management LP purchased a new stake in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,373 shares of the scientific and technical instruments company's stock, valued at approximately $1,229,000. Invenomic Capital Management LP owned about 0.40% of Vishay Precision Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Deutsche Bank AG lifted its position in shares of Vishay Precision Group by 35.6% during the fourth quarter. Deutsche Bank AG now owns 12,831 shares of the scientific and technical instruments company's stock valued at $301,000 after buying an additional 3,372 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Vishay Precision Group by 25.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 71,508 shares of the scientific and technical instruments company's stock valued at $1,678,000 after purchasing an additional 14,644 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Vishay Precision Group in the 4th quarter valued at approximately $184,000. Bank of America Corp DE raised its position in shares of Vishay Precision Group by 22.6% in the 4th quarter. Bank of America Corp DE now owns 15,474 shares of the scientific and technical instruments company's stock valued at $363,000 after purchasing an additional 2,852 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Vishay Precision Group by 82.1% in the 4th quarter. Ameriprise Financial Inc. now owns 330,107 shares of the scientific and technical instruments company's stock valued at $7,748,000 after purchasing an additional 148,802 shares during the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

Vishay Precision Group Stock Performance

Shares of Vishay Precision Group stock traded up $0.02 during midday trading on Thursday, hitting $25.94. The company had a trading volume of 88,315 shares, compared to its average volume of 106,369. Vishay Precision Group, Inc. has a 12-month low of $18.57 and a 12-month high of $35.11. The company has a fifty day simple moving average of $22.68 and a 200 day simple moving average of $23.07. The company has a quick ratio of 2.80, a current ratio of 4.41 and a debt-to-equity ratio of 0.09. The stock has a market cap of $343.89 million, a price-to-earnings ratio of 35.05 and a beta of 0.86.

Vishay Precision Group (NYSE:VPG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The scientific and technical instruments company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. The business had revenue of $71.74 million during the quarter, compared to analyst estimates of $73.04 million. As a group, analysts predict that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VPG has been the subject of several research analyst reports. StockNews.com lowered shares of Vishay Precision Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. B. Riley reaffirmed a "buy" rating on shares of Vishay Precision Group in a research report on Wednesday, May 7th.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.