Tocqueville Asset Management L.P. decreased its holdings in shares of Xerium Technologies, Inc. (NYSE:XRM) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 879,008 shares of the industrial products company’s stock after selling 271,300 shares during the period. Tocqueville Asset Management L.P. owned about 5.37% of Xerium Technologies worth $3,745,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Xerium Technologies by 1.2% in the second quarter. Vanguard Group Inc. now owns 360,011 shares of the industrial products company’s stock valued at $2,588,000 after purchasing an additional 4,352 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Xerium Technologies by 26.2% in the second quarter. Dimensional Fund Advisors LP now owns 182,463 shares of the industrial products company’s stock valued at $1,312,000 after acquiring an additional 37,886 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Xerium Technologies by 1,720.2% in the third quarter. JPMorgan Chase & Co. now owns 41,864 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 39,564 shares during the last quarter. Algert Global LLC boosted its stake in Xerium Technologies by 15.0% in the third quarter. Algert Global LLC now owns 295,979 shares of the industrial products company’s stock valued at $1,415,000 after acquiring an additional 38,528 shares during the last quarter. Finally, Phoenix Investment Adviser LLC bought a new position in Xerium Technologies in the fourth quarter valued at approximately $511,000. Hedge funds and other institutional investors own 64.40% of the company’s stock.
Shares of XRM stock traded down $0.06 during mid-day trading on Friday, reaching $5.47. 137,521 shares of the company’s stock were exchanged, compared to its average volume of 58,414. Xerium Technologies, Inc. has a 1 year low of $3.70 and a 1 year high of $7.75. The company has a current ratio of 1.59, a quick ratio of 0.98 and a debt-to-equity ratio of -3.59.
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Xerium Technologies Company Profile
Xerium Technologies, Inc (Xerium) is a manufacturer and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Company markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Company operates in two segments: machine clothing and roll covers.
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