Courier Capital LLC Boosts Stake in Servotronics, Inc. (NYSEAMERICAN:SVT)

Courier Capital LLC grew its stake in Servotronics, Inc. (NYSEAMERICAN:SVT) by 83.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,344 shares of the conglomerate’s stock after buying an additional 8,344 shares during the period. Courier Capital LLC’s holdings in Servotronics were worth $207,000 at the end of the most recent quarter.

Separately, Oppenheimer & Close LLC increased its stake in shares of Servotronics by 7.3% in the first quarter. Oppenheimer & Close LLC now owns 108,094 shares of the conglomerate’s stock worth $1,486,000 after acquiring an additional 7,367 shares during the period. 24.77% of the stock is currently owned by institutional investors.

Insider Activity at Servotronics

In other news, insider James C. Takacs sold 3,500 shares of Servotronics stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $12.55, for a total value of $43,925.00. Following the sale, the insider now owns 13,113 shares in the company, valued at $164,568.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 33.90% of the stock is owned by company insiders.

Servotronics Stock Performance

NYSEAMERICAN:SVT opened at $11.66 on Friday. The firm has a market capitalization of $29.84 million, a PE ratio of 72.87 and a beta of 0.56. Servotronics, Inc. has a 1-year low of $8.80 and a 1-year high of $14.10.

Servotronics (NYSEAMERICAN:SVT) last released its quarterly earnings results on Thursday, August 8th. The conglomerate reported $0.22 EPS for the quarter. The company had revenue of $12.27 million for the quarter. Servotronics had a net margin of 0.93% and a return on equity of 3.13%.

Servotronics Company Profile

Servotronics, Inc designs, manufactures, and markets servo-control components and other technology products for aerospace, military, and medical applications in the United States and internationally. It offers high-performance servo valves, including torque motor, hydraulic, and pneumatic valves. The company offers its products to products are sold to commercial aerospace, government, medical, and industrial markets.