Halcyon Management Partners LP acquired a new position in Xerium Technologies, Inc. (NYSE:XRM) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 562,375 shares of the industrial products company’s stock, valued at approximately $2,396,000. Xerium Technologies accounts for 0.3% of Halcyon Management Partners LP’s holdings, making the stock its 24th biggest position.
Several other institutional investors have also recently added to or reduced their stakes in XRM. Vanguard Group Inc. raised its holdings in shares of Xerium Technologies by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 360,011 shares of the industrial products company’s stock worth $2,588,000 after purchasing an additional 4,352 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Xerium Technologies by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 182,463 shares of the industrial products company’s stock worth $1,312,000 after purchasing an additional 37,886 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 39,564 shares in the last quarter. Algert Global LLC grew its stake in shares of 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 buying an additional 38,528 shares in the last quarter. Finally, Phoenix Investment Adviser LLC acquired a new stake in shares of Xerium Technologies in the fourth quarter valued at about $511,000. Institutional investors own 64.40% of the company’s stock.
Shares of Xerium Technologies, Inc. (XRM) opened at $5.54 on Monday. 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 12 month low of $3.70 and a 12 month high of $7.75.
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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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