16,345 Shares in Mayville Engineering Company, Inc. (NYSE:MEC) Bought by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC acquired a new position in shares of Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,345 shares of the company's stock, valued at approximately $220,000. SeaBridge Investment Advisors LLC owned approximately 0.08% of Mayville Engineering at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MEC. Dimensional Fund Advisors LP grew its holdings in Mayville Engineering by 13.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 704,659 shares of the company's stock worth $11,077,000 after acquiring an additional 85,086 shares during the last quarter. Royce & Associates LP grew its holdings in Mayville Engineering by 4.2% during the 4th quarter. Royce & Associates LP now owns 584,297 shares of the company's stock worth $9,185,000 after acquiring an additional 23,749 shares during the last quarter. Granahan Investment Management LLC grew its holdings in Mayville Engineering by 71.2% during the 4th quarter. Granahan Investment Management LLC now owns 578,967 shares of the company's stock worth $9,101,000 after acquiring an additional 240,752 shares during the last quarter. Nokomis Capital L.L.C. grew its holdings in Mayville Engineering by 270.0% during the 4th quarter. Nokomis Capital L.L.C. now owns 449,792 shares of the company's stock worth $7,071,000 after acquiring an additional 328,223 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in Mayville Engineering by 24.6% during the 4th quarter. Ancora Advisors LLC now owns 307,789 shares of the company's stock worth $4,838,000 after acquiring an additional 60,786 shares during the last quarter. 45.44% of the stock is currently owned by institutional investors and hedge funds.

Mayville Engineering Trading Down 3.3%

Shares of NYSE:MEC traded down $0.53 during trading on Friday, reaching $15.31. The stock had a trading volume of 72,586 shares, compared to its average volume of 114,193. The firm's fifty day moving average is $15.72 and its 200 day moving average is $14.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 1.67. Mayville Engineering Company, Inc. has a 52 week low of $11.72 and a 52 week high of $23.02. The stock has a market cap of $313.24 million, a price-to-earnings ratio of 14.18 and a beta of 1.15.

Mayville Engineering (NYSE:MEC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. Mayville Engineering had a net margin of 4.09% and a return on equity of 9.30%. The company had revenue of $135.58 million for the quarter, compared to analyst estimates of $134.52 million. During the same period in the prior year, the firm posted $0.22 EPS. As a group, equities analysts forecast that Mayville Engineering Company, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

MEC has been the topic of a number of research reports. DA Davidson initiated coverage on shares of Mayville Engineering in a report on Tuesday, June 17th. They set a "buy" rating and a $23.00 target price on the stock. Citigroup reissued a "buy" rating and set a $21.00 target price (up from $17.00) on shares of Mayville Engineering in a report on Monday.

Mayville Engineering Profile

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.