Vishay Precision Group, Inc.

(New York Stock Exchange)
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Somewhat Bullish +45

Vishay Precision Group Inc. (VPG): Nokomis Capital Raises Stake

AI-generated analysis

πŸ“ˆ Nokomis Capital increased its stake in VPG to 1.78 million shares (14.6% ownership) via an amended 13D filing.

πŸ“Š The fund previously held 1.63 million shares as of the June 30, 2016 reporting period.

🏭 VPG operates three divisions: Force Sensor, Foil Technology Products, and Control Systems.

🀝 VPG Onboard Weighing signed a distribution agreement with Spanner Ltd. to enhance presence in Ireland.

πŸ“ˆ Stock price increased 31.74% over the past 12 months leading up to August 2016.

πŸ’° Q2 FY2016 earnings per diluted share were $0.14 with net revenue of nearly $58 million.

πŸ“‰ Revenue decreased slightly year-over-year from $59.51 million in Q2 FY2015 to $58 million in Q2 FY2016.

πŸ‘ B Riley reiterated a 'Buy' rating with a price target of $17.

🧠 Smart money managers including Royce & Associates and Renaissance Technologies held bullish positions.

πŸ“‰ Springbok Capital exited its position, reducing holdings from $30,000 valued as of March 31.

Bullish Signals
  • Nokomis Capital increased its stake in VPG to 14.6% ownership, signaling continued bullish sentiment from a prominent hedge fund.
  • VPG stock has appreciated significantly by 31.74% over the past 12 months.
  • B Riley maintained a 'Buy' rating with a specific price target of $17.
  • Major institutional investors like Royce & Associates and Renaissance Technologies hold significant positions in the company.
  • VPG successfully expanded its market presence by signing a distribution agreement with Spanner Ltd. in Ireland.
Risk Factors
  • Net revenue declined slightly from $59.51 million in Q2 FY2015 to approximately $58 million in Q2 FY2016.
  • Springbok Capital reduced its position, exiting with a holding valued at $30,000 as of March 31.
Full Analysis
Nokomis Capital, managed by Brett Hendrickson, increased its stake in Vishay Precision Group Inc. (NYSE: VPG) to 1.78 million shares, representing 14.6% of the company's outstanding stock, according to a newly amended 13D filing with the SEC. This represents an increase from the previously held 1.63 million shares reported in the June 30, 2016 13F filing. Vishay Precision Group manufactures resistors, sensors, and measurement systems across three divisions: Force Sensor, Foil Technology Products, and Control Systems. Recently, its VPG Onboard Weighing brand signed a distribution agreement with Spanner Ltd. to expand its presence in Ireland. The company's stock has risen 31.74% over the past 12 months. In the second quarter of fiscal year 2016, Vishay Precision Group reported diluted earnings per share of $0.14 and net revenue of approximately $58 million, compared to EPS of $0.11 and revenue of $59.51 million in the same quarter of fiscal year 2015. Analysts at B Riley reiterated a 'Buy' rating with a price target of $17.