Quest Partners LLC Buys New Position in Vishay Precision Group, Inc. (NYSE:VPG)

Quest Partners LLC purchased a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,546 shares of the scientific and technical instruments company’s stock, valued at approximately $66,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Kovack Advisors Inc. purchased a new position in shares of Vishay Precision Group during the third quarter valued at approximately $218,000. Victory Capital Management Inc. raised its holdings in Vishay Precision Group by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 72,248 shares of the scientific and technical instruments company’s stock valued at $1,871,000 after acquiring an additional 1,743 shares during the last quarter. Roubaix Capital LLC lifted its stake in shares of Vishay Precision Group by 40.6% during the 3rd quarter. Roubaix Capital LLC now owns 72,335 shares of the scientific and technical instruments company’s stock worth $1,873,000 after purchasing an additional 20,870 shares during the period. Inspire Advisors LLC purchased a new position in shares of Vishay Precision Group during the 3rd quarter worth $326,000. Finally, Annex Advisory Services LLC boosted its holdings in shares of Vishay Precision Group by 142.3% during the third quarter. Annex Advisory Services LLC now owns 36,908 shares of the scientific and technical instruments company’s stock worth $956,000 after purchasing an additional 21,678 shares during the last quarter. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

Vishay Precision Group Stock Performance

NYSE:VPG opened at $22.97 on Friday. Vishay Precision Group, Inc. has a fifty-two week low of $20.83 and a fifty-two week high of $35.98. The firm’s 50 day moving average is $23.41 and its two-hundred day moving average is $27.72. The company has a market cap of $304.12 million, a P/E ratio of 23.20 and a beta of 1.17. The company has a quick ratio of 2.80, a current ratio of 4.41 and a debt-to-equity ratio of 0.09.

Vishay Precision Group (NYSE:VPG) last issued its earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $75.73 million during the quarter, compared to analysts’ expectations of $73.47 million. Vishay Precision Group had a return on equity of 6.24% and a net margin of 4.13%. During the same quarter in the previous year, the business earned $0.47 EPS. Analysts expect that Vishay Precision Group, Inc. will post 1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com lowered Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. B. Riley dropped their price objective on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th.

About Vishay Precision Group

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.