Archer Capital Management L.P. lifted its stake in shares of Xerium Technologies, Inc. (NYSE:XRM) by 3,293.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 730,522 shares of the industrial products company’s stock after purchasing an additional 708,992 shares during the period. Xerium Technologies accounts for 1.2% of Archer Capital Management L.P.’s investment portfolio, making the stock its 15th biggest holding. Archer Capital Management L.P.’s holdings in Xerium Technologies were worth $3,112,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Xerium Technologies by 1,720.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,864 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 39,564 shares during the last quarter. Pinnacle Holdings LLC increased its stake in shares of Xerium Technologies by 59.4% during the 4th quarter. Pinnacle Holdings LLC now owns 77,052 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 28,705 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in shares of Xerium Technologies during the 4th quarter worth approximately $362,000. Kennedy Capital Management Inc. purchased a new stake in shares of Xerium Technologies during the 4th quarter worth approximately $412,000. Finally, Phoenix Investment Adviser LLC purchased a new stake in shares of Xerium Technologies during the 4th quarter worth approximately $511,000. Institutional investors own 64.40% of the company’s stock.
Shares of Xerium Technologies, Inc. (XRM) opened at $5.28 on Wednesday. The company has a debt-to-equity ratio of -3.59, a quick ratio of 0.98 and a current ratio of 1.59. Xerium Technologies, Inc. has a one year low of $3.70 and a one year high of $7.75. The stock has a market cap of $90.53, a P/E ratio of -5.87 and a beta of 0.90.
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Xerium Technologies 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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