Rutabaga Capital Managementma buys $6,413,075 stake in Manitex International Inc (MNTX)

Manitex International Inc (MNTX) : Rutabaga Capital Managementma scooped up 608,796 additional shares in Manitex International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 887,009 shares of Manitex International Inc which is valued at $6,413,075.Manitex International Inc makes up approximately 1.11% of Rutabaga Capital Managementma’s portfolio.

Other Hedge Funds, Including , Tortoise Investment Management sold out all of its stake in MNTX during the most recent quarter. The investment firm sold 1,000 shares of MNTX which is valued $7,230.Wedbush Securities Inc reduced its stake in MNTX by selling 900 shares or 7.65% in the most recent quarter. The Hedge Fund company now holds 10,858 shares of MNTX which is valued at $78,503. Manitex International Inc makes up approx 0.01% of Wedbush Securities Inc’s portfolio.Essex Investment Management Co boosted its stake in MNTX in the latest quarter, The investment management firm added 27,434 additional shares and now holds a total of 89,661 shares of Manitex International Inc which is valued at $663,491. Manitex International Inc makes up approx 0.11% of Essex Investment Management Co’s portfolio.Wealthtrust Axiom reduced its stake in MNTX by selling 2,965 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 512,559 shares of MNTX which is valued at $3,792,937. Manitex International Inc makes up approx 1.43% of Wealthtrust Axiom’s portfolio.

Manitex International Inc closed down -0.05 points or -0.74% at $6.72 with 23,898 shares getting traded on Monday. Post opening the session at $6.6691, the shares hit an intraday low of $6.431 and an intraday high of $6.73 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Manitex International Inc reported $0.02 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.02. The company had revenue of $96.30 million for the quarter, compared to analysts expectations of $98.60 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

Manitex International Inc. is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment the ASV segment and the Equipment Distribution segment. In the Lifting Equipment segment the Company designs manufactures and distributes a diverse group of products that serve different functions and are used in a range of industries. In the ASV segment the Company manufactures a line of compact rubber tracked and skid steer loaders. In the Equipment Distribution segment the Company markets products used primarily for infrastructure development and commercial construction applications that include road and bridge construction general contracting roofing scrap handling and sign construction and maintenance.

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