Matarin Capital Management LLC Purchases Shares of 32,219 Shiloh Industries, Inc. (SHLO)

Matarin Capital Management LLC purchased a new position in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 32,219 shares of the basic materials company’s stock, valued at approximately $354,000. Matarin Capital Management LLC owned 0.14% of Shiloh Industries at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Weber Alan W grew its holdings in Shiloh Industries by 1.7% during the second quarter. Weber Alan W now owns 596,679 shares of the basic materials company’s stock valued at $5,191,000 after purchasing an additional 10,000 shares during the period. Royce & Associates LP bought a new stake in Shiloh Industries during the second quarter valued at about $218,000. BlackRock Inc. grew its holdings in Shiloh Industries by 11.6% during the second quarter. BlackRock Inc. now owns 930,255 shares of the basic materials company’s stock valued at $8,094,000 after purchasing an additional 96,715 shares during the period. Dimensional Fund Advisors LP grew its holdings in Shiloh Industries by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,926,306 shares of the basic materials company’s stock valued at $16,759,000 after purchasing an additional 99,346 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Shiloh Industries by 33.3% during the second quarter. Renaissance Technologies LLC now owns 113,700 shares of the basic materials company’s stock valued at $989,000 after purchasing an additional 28,400 shares during the period. 44.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Bank of America lowered Shiloh Industries from a “neutral” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research note on Monday, October 1st. They noted that the move was a valuation call. BMO Capital Markets set a $14.00 price objective on Shiloh Industries and gave the stock a “buy” rating in a research note on Monday, September 17th. ValuEngine raised Shiloh Industries from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Finally, BidaskClub lowered Shiloh Industries from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Shiloh Industries has an average rating of “Hold” and a consensus target price of $12.00.

NASDAQ SHLO opened at $6.89 on Friday. The stock has a market capitalization of $163.56 million, a PE ratio of 13.00 and a beta of 1.42. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.42 and a quick ratio of 1.11. Shiloh Industries, Inc. has a twelve month low of $6.45 and a twelve month high of $12.28.

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Shiloh Industries Profile

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting, noise, and vibration solutions to automotive, commercial vehicle, and other industrial markets worldwide. The company produces body systems components, including shock towers, instrument panel/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, lift gates, door inners, roof supports/roof panels, dashpanels, body sides, and B and C pillars; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers and housings, clutch housings, PTU covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, calipers, master cylinders, steering pumps, brake components, wheel blanks, and flanges.

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Institutional Ownership by Quarter for Shiloh Industries (NASDAQ:SHLO)

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