Nokomis Capital L.L.C. Raises Stake in Mayville Engineering Company, Inc. (NYSE:MEC)

Nokomis Capital L.L.C. boosted its position in Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) by 270.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 449,792 shares of the company's stock after acquiring an additional 328,223 shares during the quarter. Mayville Engineering accounts for about 2.5% of Nokomis Capital L.L.C.'s holdings, making the stock its 17th biggest holding. Nokomis Capital L.L.C. owned 2.18% of Mayville Engineering worth $7,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Granahan Investment Management LLC increased its stake in Mayville Engineering by 71.2% in the 4th quarter. Granahan Investment Management LLC now owns 578,967 shares of the company's stock valued at $9,101,000 after purchasing an additional 240,752 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 85,086 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Mayville Engineering by 61.0% during the fourth quarter. American Century Companies Inc. now owns 219,713 shares of the company's stock worth $3,454,000 after purchasing an additional 83,213 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Mayville Engineering by 47.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 252,396 shares of the company's stock valued at $3,968,000 after acquiring an additional 80,905 shares in the last quarter. Finally, Expect Equity LLC acquired a new stake in shares of Mayville Engineering during the fourth quarter worth approximately $1,175,000. Institutional investors and hedge funds own 45.44% of the company's stock.

Mayville Engineering Price Performance

Shares of NYSE:MEC traded down $0.12 on Monday, hitting $15.47. The stock had a trading volume of 13,723 shares, compared to its average volume of 112,902. Mayville Engineering Company, Inc. has a twelve month low of $11.72 and a twelve month high of $23.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.77. The firm's 50 day moving average price is $13.39 and its 200-day moving average price is $15.16. The company has a market capitalization of $316.49 million, a price-to-earnings ratio of 26.15 and a beta of 1.15.

Mayville Engineering (NYSE:MEC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. Mayville Engineering had a net margin of 2.01% and a return on equity of 5.20%. The company had revenue of $135.58 million for the quarter, compared to analysts' expectations of $134.52 million. During the same period last year, the firm posted $0.22 earnings per share. On average, equities research analysts predict that Mayville Engineering Company, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Separately, Citigroup reduced their price target on shares of Mayville Engineering from $18.00 to $16.00 and set a "buy" rating for the company in a report on Monday, April 14th.

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.