Courier Capital LLC Acquires 8,344 Shares of Servotronics, Inc. (NYSEAMERICAN:SVT)

Courier Capital LLC lifted its position in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 83.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,344 shares of the conglomerate’s stock after buying an additional 8,344 shares during the quarter. Courier Capital LLC owned approximately 0.72% of Servotronics worth $207,000 at the end of the most recent quarter.

Separately, Oppenheimer & Close LLC lifted its stake in shares of Servotronics by 7.3% during the 1st quarter. Oppenheimer & Close LLC now owns 108,094 shares of the conglomerate’s stock valued at $1,486,000 after buying an additional 7,367 shares in the last quarter. 24.77% of the stock is currently owned by institutional investors.

Servotronics Stock Performance

Shares of SVT stock opened at $11.66 on Friday. The firm has a market capitalization of $29.84 million, a price-to-earnings ratio of 72.87 and a beta of 0.56. Servotronics, Inc. has a 52 week low of $8.80 and a 52 week high of $14.10.

Servotronics (NYSEAMERICAN:SVT) last announced its quarterly earnings results on Thursday, August 8th. The conglomerate reported $0.22 EPS for the quarter. The business had revenue of $12.27 million for the quarter. Servotronics had a net margin of 0.93% and a return on equity of 3.13%.

Insider Activity

In related news, insider James C. Takacs sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $12.55, for a total transaction of $43,925.00. Following the transaction, the insider now directly owns 13,113 shares in the company, valued at approximately $164,568.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 33.90% of the company’s stock.

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.