Mayville Engineering Company, Inc. (NYSE:MEC – Get Free Report) Director Steven L. Fisher purchased 3,000 shares of Mayville Engineering stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average cost of $12.75 per share, for a total transaction of $38,250.00. Following the completion of the purchase, the director now owns 21,735 shares of the company’s stock, valued at $277,121.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Mayville Engineering Stock Down 2.0 %
MEC stock traded down $0.26 during midday trading on Monday, hitting $12.69. The stock had a trading volume of 28,746 shares, compared to its average volume of 99,754. The firm has a market cap of $257.71 million, a price-to-earnings ratio of 33.21 and a beta of 0.84. The business has a 50-day moving average of $11.46 and a two-hundred day moving average of $11.93. Mayville Engineering Company, Inc. has a 52-week low of $9.55 and a 52-week high of $16.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.04.
Institutional Investors Weigh In On Mayville Engineering
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Mayville Engineering by 282.1% in the second quarter. BlackRock Inc. now owns 690,568 shares of the company’s stock worth $8,604,000 after acquiring an additional 509,856 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Mayville Engineering by 10.6% in the third quarter. Tocqueville Asset Management L.P. now owns 649,710 shares of the company’s stock worth $7,127,000 after acquiring an additional 62,500 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Mayville Engineering by 7.6% in the first quarter. Vanguard Group Inc. now owns 397,833 shares of the company’s stock worth $3,728,000 after acquiring an additional 28,009 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mayville Engineering by 19.5% in the second quarter. Dimensional Fund Advisors LP now owns 346,801 shares of the company’s stock worth $4,321,000 after acquiring an additional 56,667 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of Mayville Engineering by 59.5% in the second quarter. Royce & Associates LP now owns 334,114 shares of the company’s stock worth $4,163,000 after acquiring an additional 124,700 shares during the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.
Mayville Engineering Company Profile
Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, prototyping and tooling, fabrication, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers. The company serves heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets.
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