James C. Takacs Sells 3,500 Shares of Servotronics, Inc. (NYSEAMERICAN:SVT) Stock

Servotronics, Inc. (NYSEAMERICAN:SVT) insider James C. Takacs sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $12.55, for a total transaction of $43,925.00. Following the completion of the sale, the insider now directly owns 13,113 shares in the company, valued at $164,568.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Servotronics Stock Up 4.7 %

Shares of SVT stock opened at $12.93 on Friday. The company has a market capitalization of $33.10 million, a P/E ratio of 44.59 and a beta of 0.56. Servotronics, Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $14.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Servotronics stock. Oppenheimer & Close LLC lifted its holdings in Servotronics, Inc. (NYSEAMERICAN:SVT) by 13.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,727 shares of the conglomerate’s stock after purchasing an additional 12,114 shares during the period. Oppenheimer & Close LLC owned approximately 4.03% of Servotronics worth $1,259,000 at the end of the most recent reporting period. 24.77% of the stock is currently owned by institutional investors and hedge funds.

Servotronics Company Profile

Servotronics, Inc designs, manufactures, and markets servo-control components and other technology products for aerospace, military, and medical applications in the United States and internationally. It offers high-performance servo valves, including torque motor, hydraulic, and pneumatic valves. The company offers its products to products are sold to commercial aerospace, government, medical, and industrial markets.