Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Director Buys $38,700.00 in Stock

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Director Wayne M. Rancourt bought 15,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $2.58 per share, for a total transaction of $38,700.00. Following the completion of the transaction, the director now owns 157,783 shares of the company’s stock, valued at $407,080.14. This represents a 10.51 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Commercial Vehicle Group Stock Performance

NASDAQ:CVGI opened at $2.57 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43. The firm has a market cap of $88.67 million, a PE ratio of 2.52, a P/E/G ratio of 1.12 and a beta of 2.46. The firm has a 50 day simple moving average of $3.08 and a 200-day simple moving average of $4.22. Commercial Vehicle Group, Inc. has a 1-year low of $2.11 and a 1-year high of $7.34.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC grew its position in shares of Commercial Vehicle Group by 4.5% in the second quarter. SummerHaven Investment Management LLC now owns 70,670 shares of the company’s stock valued at $346,000 after purchasing an additional 3,065 shares during the period. Heron Bay Capital Management grew its holdings in Commercial Vehicle Group by 20.5% in the 1st quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock valued at $128,000 after buying an additional 3,390 shares during the period. Perritt Capital Management Inc. increased its stake in shares of Commercial Vehicle Group by 5.3% during the 1st quarter. Perritt Capital Management Inc. now owns 79,900 shares of the company’s stock valued at $514,000 after acquiring an additional 4,000 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Commercial Vehicle Group by 9.1% during the 2nd quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock worth $243,000 after acquiring an additional 4,130 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Commercial Vehicle Group by 5.3% in the third quarter. Empowered Funds LLC now owns 99,361 shares of the company’s stock worth $323,000 after acquiring an additional 4,958 shares during the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CVGI has been the subject of several research reports. StockNews.com downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Commercial Vehicle Group in a research note on Monday, August 5th.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.