First Wilshire Securities Management Inc. trimmed its position in shares of Unique Fabricating Inc (NYSEAMERICAN:UFAB) by 11.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 259,050 shares of the auto parts company’s stock after selling 35,000 shares during the period. First Wilshire Securities Management Inc.’s holdings in Unique Fabricating were worth $702,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in UFAB. Pacific Ridge Capital Partners LLC increased its holdings in shares of Unique Fabricating by 20.3% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 614,054 shares of the auto parts company’s stock worth $2,757,000 after buying an additional 103,427 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Unique Fabricating by 5.7% during the 1st quarter. Royce & Associates LP now owns 583,841 shares of the auto parts company’s stock worth $2,621,000 after buying an additional 31,600 shares during the last quarter. JFS Wealth Advisors LLC acquired a new stake in shares of Unique Fabricating during the 2nd quarter worth $73,000. Finally, Vanguard Group Inc. increased its holdings in Unique Fabricating by 42.4% in the 2nd quarter. Vanguard Group Inc. now owns 85,246 shares of the auto parts company’s stock valued at $231,000 after purchasing an additional 25,400 shares in the last quarter.
Shares of NYSEAMERICAN UFAB opened at $2.54 on Friday. Unique Fabricating Inc has a 12-month low of $2.27 and a 12-month high of $8.30.
UFAB has been the subject of several recent research reports. TheStreet downgraded Unique Fabricating from a “c” rating to a “d” rating in a report on Friday, August 30th. Zacks Investment Research downgraded Unique Fabricating from a “hold” rating to a “sell” rating in a report on Saturday, September 7th.
In related news, Director Richard L. Baum, Jr. purchased 23,500 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $2.64 per share, for a total transaction of $62,040.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard L. Baum, Jr. purchased 10,300 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $2.61 per share, with a total value of $26,883.00. The disclosure for this purchase can be found here.
Unique Fabricating Company Profile
Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.
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