Denali Advisors LLC Invests $506,000 in Titan International, Inc. (NYSE:TWI)

Denali Advisors LLC purchased a new stake in Titan International, Inc. (NYSE:TWI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 40,600 shares of the industrial products company’s stock, valued at approximately $506,000. Denali Advisors LLC owned 0.07% of Titan International as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TWI. Tradewinds Capital Management LLC purchased a new stake in shares of Titan International during the first quarter worth $100,000. Boulder Hill Capital Management LP purchased a new stake in Titan International during the 4th quarter worth about $161,000. Trexquant Investment LP boosted its stake in Titan International by 34.1% in the 4th quarter. Trexquant Investment LP now owns 14,691 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 3,737 shares during the period. Diversified Trust Co bought a new position in Titan International in the 1st quarter worth about $194,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Titan International by 103.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,163 shares of the industrial products company’s stock valued at $241,000 after buying an additional 8,216 shares in the last quarter. 80.39% of the stock is owned by institutional investors.

Titan International Trading Down 0.7 %

Shares of Titan International stock opened at $7.11 on Thursday. The company’s 50-day moving average price is $8.39 and its 200-day moving average price is $11.73. The company has a current ratio of 2.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.88. Titan International, Inc. has a 12-month low of $6.71 and a 12-month high of $15.33. The company has a market cap of $518.11 million, a price-to-earnings ratio of 7.99 and a beta of 1.85.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). Titan International had a net margin of 3.20% and a return on equity of 17.27%. The firm had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. During the same period in the previous year, the business earned $0.53 earnings per share. On average, equities analysts expect that Titan International, Inc. will post 0.91 earnings per share for the current fiscal year.

Titan International Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.