Barington Capital Group adds Xerium Technologies (XRM) to its portfolio

Xerium Technologies (XRM) : Barington Capital Group added new position in Xerium Technologies during the most recent quarter end. The investment management firm now holds 113,820 shares of Xerium Technologies which is valued at $931,048 , the company said in a statement filed on Aug 12, 2016 with the SEC.Xerium Technologies makes up approximately 0.80% of Barington Capital Group’s portfolio.

Other Hedge Funds, Including , Spark Investment Management boosted its stake in XRM in the latest quarter, The investment management firm added 49,000 additional shares and now holds a total of 112,200 shares of Xerium Technologies which is valued at $917,796. Xerium Technologies makes up approx 0.08% of Spark Investment Management’s portfolio.New York State Common Retirement Fund reduced its stake in XRM by selling 7,000 shares or 70.0% in the most recent quarter. The Hedge Fund company now holds 3,000 shares of XRM which is valued at $24,540.Tower Research Capital (trc) boosted its stake in XRM in the latest quarter, The investment management firm added 16,627 additional shares and now holds a total of 17,185 shares of Xerium Technologies which is valued at $140,573. Xerium Technologies makes up approx 0.01% of Tower Research Capital (trc)’s portfolio.Gsa Capital Partners Llp reduced its stake in XRM by selling 49,600 shares or 32.74% in the most recent quarter. The Hedge Fund company now holds 101,912 shares of XRM which is valued at $769,436. Xerium Technologies makes up approx 0.04% of Gsa Capital Partners Llp’s portfolio. Strs Ohio sold out all of its stake in XRM during the most recent quarter. The investment firm sold 108,100 shares of XRM which is valued $851,828.

Xerium Technologies opened for trading at $8.1 and hit $8.54 on the upside on Monday, eventually ending the session at $8.54, with a gain of 5.96% or 0.48 points. The heightened volatility saw the trading volume jump to 88,605 shares. Company has a market cap of $137 M.

Xerium Technologies Inc. (Xerium) is a global manufacturer and supplier of two types of consumable products used primarily in the production of paper: machine clothing and roll covers. The Company markets its products through brands such as Huyck Wangner Weavexx Stowe Woodward Mount Hope Robec and Xibe. The Company operates in two segments: machine clothing and roll covers. Its machine clothing segment products include various types of industrial textiles used on paper-making machines and other industrial applications. Through its roll covers segment it manufactures various types of roll covers refurbishes previously installed roll covers provides mechanical services for the internal mechanisms of rolls used on paper-making machines and manufactures spreader rolls. In addition its products are also installed in other industrial applications such as non-woven and fiber cement machines.

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