Insider Buying: Mayville Engineering Company, Inc. (NYSE:MEC) SVP Buys $14,180.00 in Stock

Mayville Engineering Company, Inc. (NYSE:MEC - Get Free Report) SVP Sean P. Leuba purchased 1,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $14.18 per share, with a total value of $14,180.00. Following the transaction, the senior vice president now owns 2,000 shares in the company, valued at approximately $28,360. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mayville Engineering Price Performance

NYSE MEC traded up $0.12 during trading hours on Friday, reaching $14.33. 184,795 shares of the stock traded hands, compared to its average volume of 84,700. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.91. The stock has a 50 day simple moving average of $15.39 and a two-hundred day simple moving average of $17.50. Mayville Engineering Company, Inc. has a 1 year low of $12.47 and a 1 year high of $23.02. The company has a market cap of $295.81 million, a price-to-earnings ratio of 24.29 and a beta of 0.92.

Analyst Ratings Changes

Separately, Citigroup lowered their target price on shares of Mayville Engineering from $22.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday.

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Hedge Funds Weigh In On Mayville Engineering

A number of large investors have recently modified their holdings of MEC. Nokomis Capital L.L.C. boosted its stake in Mayville Engineering by 270.0% in the fourth quarter. Nokomis Capital L.L.C. now owns 449,792 shares of the company's stock worth $7,071,000 after buying an additional 328,223 shares in the last quarter. Granahan Investment Management LLC lifted its holdings in shares of Mayville Engineering by 71.2% in the 4th quarter. Granahan Investment Management LLC now owns 578,967 shares of the company's stock worth $9,101,000 after acquiring an additional 240,752 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Mayville Engineering in the 4th quarter valued at $1,518,000. Dimensional Fund Advisors LP grew its holdings in shares of Mayville Engineering by 13.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 704,659 shares of the company's stock valued at $11,077,000 after purchasing an additional 85,086 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Mayville Engineering by 61.0% in the 4th quarter. American Century Companies Inc. now owns 219,713 shares of the company's stock worth $3,454,000 after purchasing an additional 83,213 shares during the period. 45.44% of the stock is owned by hedge funds and other institutional investors.

About Mayville Engineering

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.