Mayville Engineering Company, Inc. (NYSE:MEC) Shares Acquired by Nokomis Capital L.L.C.

Nokomis Capital L.L.C. boosted its position in shares of Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) by 270.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 449,792 shares of the company's stock after acquiring an additional 328,223 shares during the quarter. Mayville Engineering accounts for approximately 2.5% of Nokomis Capital L.L.C.'s investment portfolio, making the stock its 17th biggest position. Nokomis Capital L.L.C. owned 2.18% of Mayville Engineering worth $7,071,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MEC. Barclays PLC boosted its holdings in Mayville Engineering by 44.2% during the 3rd quarter. Barclays PLC now owns 37,486 shares of the company's stock valued at $790,000 after acquiring an additional 11,489 shares during the period. Ritholtz Wealth Management boosted its holdings in Mayville Engineering by 8.3% during the 4th quarter. Ritholtz Wealth Management now owns 25,305 shares of the company's stock valued at $398,000 after acquiring an additional 1,945 shares during the period. Sheets Smith Wealth Management boosted its holdings in Mayville Engineering by 3.2% during the 4th quarter. Sheets Smith Wealth Management now owns 36,525 shares of the company's stock valued at $574,000 after acquiring an additional 1,130 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Mayville Engineering in the 4th quarter valued at about $545,000. Finally, R Squared Ltd purchased a new position in shares of Mayville Engineering in the 4th quarter valued at about $40,000. 45.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their price objective on Mayville Engineering from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, April 14th.

Mayville Engineering Stock Up 1.4%

MEC stock traded up $0.22 during trading on Friday, hitting $15.62. 121,464 shares of the company's stock were exchanged, compared to its average volume of 113,315. The stock has a market capitalization of $319.60 million, a price-to-earnings ratio of 26.48 and a beta of 1.15. Mayville Engineering Company, Inc. has a 52-week low of $11.72 and a 52-week high of $23.02. The business has a 50-day moving average price of $13.39 and a two-hundred day moving average price of $15.24. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

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

Mayville Engineering Company 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.