Trium Capital LLP Invests $1.63 Million in Manitex International, Inc. (NASDAQ:MNTX)

Trium Capital LLP bought a new stake in shares of Manitex International, Inc. (NASDAQ:MNTX) in the 4th quarter, Holdings Channel.com reports. The firm bought 280,302 shares of the industrial products company’s stock, valued at approximately $1,626,000. Manitex International makes up 0.2% of Trium Capital LLP’s holdings, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MNTX. Renaissance Technologies LLC boosted its stake in shares of Manitex International by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after acquiring an additional 16,433 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Manitex International by 2.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock worth $1,356,000 after purchasing an additional 8,500 shares during the period. Marshall Wace LLP purchased a new position in Manitex International during the second quarter valued at $128,000. Pacific Ridge Capital Partners LLC grew its holdings in Manitex International by 0.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock valued at $4,064,000 after purchasing an additional 2,871 shares during the period. Finally, Cutter & CO Brokerage Inc. increased its position in Manitex International by 123.7% in the third quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock worth $278,000 after buying an additional 27,291 shares in the last quarter. 46.01% of the stock is owned by hedge funds and other institutional investors.

Manitex International Stock Performance

MNTX opened at $5.80 on Friday. The firm has a market cap of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. Manitex International, Inc. has a 1-year low of $3.07 and a 1-year high of $8.60. The company has a 50 day simple moving average of $5.76 and a two-hundred day simple moving average of $5.21. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Manitex International in a research report on Tuesday. They set a “hold” rating on the stock.

About Manitex International

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.