De Lisle Partners LLP Grows Stock Holdings in Manitex International, Inc. (NASDAQ:MNTX)

De Lisle Partners LLP raised its holdings in shares of Manitex International, Inc. (NASDAQ:MNTX) by 359.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,202,466 shares of the industrial products company’s stock after acquiring an additional 940,670 shares during the quarter. Manitex International makes up about 1.1% of De Lisle Partners LLP’s investment portfolio, making the stock its 21st biggest position. De Lisle Partners LLP owned about 5.89% of Manitex International worth $6,776,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MNTX. Empowered Funds LLC bought a new stake in shares of Manitex International during the third quarter valued at approximately $480,000. Cutter & CO Brokerage Inc. grew its stake in Manitex International by 123.7% during the third quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 27,291 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Manitex International by 0.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock valued at $4,064,000 after acquiring an additional 2,871 shares during the last quarter. Marshall Wace LLP purchased a new stake in Manitex International in the 2nd quarter worth $128,000. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Manitex International by 2.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock valued at $1,356,000 after purchasing an additional 8,500 shares during the last quarter. Hedge funds and other institutional investors own 46.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com began coverage on Manitex International in a report on Wednesday. They issued a “hold” rating on the stock. Northland Securities reaffirmed a “market perform” rating and issued a $5.80 price objective (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Finally, Northland Capmk downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th.

Manitex International Stock Performance

Shares of NASDAQ MNTX opened at $5.73 on Thursday. Manitex International, Inc. has a 1-year low of $3.07 and a 1-year high of $9.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. The business’s 50 day moving average is $5.68 and its two-hundred day moving average is $5.15. The stock has a market capitalization of $116.89 million, a P/E ratio of 12.46 and a beta of 0.77.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.