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

De Lisle Partners LLP grew its stake in shares of Manitex International, Inc. (NASDAQ:MNTX - Free Report) by 359.3% during the 3rd 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 buying an additional 940,670 shares during the period. Manitex International accounts for approximately 1.1% of De Lisle Partners LLP's portfolio, making the stock its 21st largest holding. De Lisle Partners LLP owned approximately 5.89% of Manitex International worth $6,776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MNTX. Russell Investments Group Ltd. increased its position in shares of Manitex International by 2,049.4% during the first quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company's stock valued at $462,000 after buying an additional 64,187 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Manitex International by 20.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company's stock worth $237,000 after purchasing an additional 5,853 shares during the last quarter. Cutter & CO Brokerage Inc. increased its position in shares of Manitex International by 17.8% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company's stock worth $98,000 after purchasing an additional 3,340 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Manitex International by 13.1% in the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company's stock worth $629,000 after purchasing an additional 16,433 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Manitex International by 2.9% in the second quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company's stock worth $1,356,000 after purchasing an additional 8,500 shares during the last quarter. 46.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MNTX shares. StockNews.com started coverage on shares of Manitex International in a research report on Wednesday. They issued a "hold" rating on the stock. Northland Capmk cut shares of Manitex International from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 13th. Finally, Northland Securities restated a "market perform" rating and issued a $5.80 price objective (down from $8.00) on shares of Manitex International in a research report on Friday, September 13th.

Manitex International Stock Performance

MNTX remained flat at $5.73 during midday trading on Thursday. The company's stock had a trading volume of 65,926 shares, compared to its average volume of 137,248. The stock has a market capitalization of $116.89 million, a P/E ratio of 12.46 and a beta of 0.77. The company's 50-day moving average is $5.68 and its two-hundred day moving average is $5.15. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.64. Manitex International, Inc. has a 1-year low of $3.07 and a 1-year high of $9.16.

About Manitex International

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.