Harvey Partners Lowers stake in Vishay Precision Group Inc (VPG)

Vishay Precision Group Inc (VPG) : Harvey Partners reduced its stake in Vishay Precision Group Inc by 18.26% during the most recent quarter end. The investment management company now holds a total of 300,000 shares of Vishay Precision Group Inc which is valued at $5,415,000 after selling 67,000 shares in Vishay Precision Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Vishay Precision Group Inc makes up approximately 6.31% of Harvey Partners’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership boosted its stake in VPG in the latest quarter, The investment management firm added 3,700 additional shares and now holds a total of 45,350 shares of Vishay Precision Group Inc which is valued at $818,568.Lsv Asset Management boosted its stake in VPG in the latest quarter, The investment management firm added 37,922 additional shares and now holds a total of 433,040 shares of Vishay Precision Group Inc which is valued at $6,798,728. Vishay Precision Group Inc makes up approx 0.01% of Lsv Asset Management’s portfolio.Strs Ohio reduced its stake in VPG by selling 5,000 shares or 11.6% in the most recent quarter. The Hedge Fund company now holds 38,100 shares of VPG which is valued at $595,122. Orinda Asset Management sold out all of its stake in VPG during the most recent quarter. The investment firm sold 99,698 shares of VPG which is valued $1,558,280.

Vishay Precision Group Inc opened for trading at $18.6 and hit $18.925 on the upside on Monday, eventually ending the session at $18.85, with a gain of 1.34% or 0.25 points. The heightened volatility saw the trading volume jump to 49,105 shares. Company has a market cap of $249 M.

On the company’s financial health, Vishay Precision Group Inc reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Nov 8, 2016. Analyst had a consensus of $0.15. The company had revenue of $54.49 million for the quarter, compared to analysts expectations of $57.17 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

Vishay Precision Group Inc. (VPG) designs manufactures and markets sensors and sensor-based measurement systems as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products Force Sensors and Weighing and Control Systems. The Foil Technology Products segment includes foil resistor and strain gage operating segments. The segment’s brands include Alpha Electronics Micro-Measurements Powertron and Vishay Foil Resistors. The Force Sensors segment includes load cells and force measurement transducers that are offered as precision sensors for industrial and commercial use. The segment’s brand includes VPG Transducers. The Weighing and Control Systems segment designs and manufactures complete systems that consist of load cells and instrumentation for weighing and force control/measurement. The segment’s brands include BLH Nobel KELK and VPG Onboard Weighing.

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