Minerva Advisors buys $6 Million stake in Eastern Co (EML)

Eastern Co (EML) : Minerva Advisors scooped up 367 additional shares in Eastern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 367,641 shares of Eastern Co which is valued at $6 Million.Eastern Co makes up approximately 4.01% of Minerva Advisors’s portfolio.

Other Hedge Funds, Including , Timber Hill reduced its stake in EML by selling 42 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 12,659 shares of EML which is valued at $206,975. Eastern Co makes up approx 0.02% of Timber Hill’s portfolio.

Eastern Co closed down -0.19 points or -1.16% at $16.16 with 4,632 shares getting traded on Wednesday. Post opening the session at $16.22, the shares hit an intraday low of $16.08 and an intraday high of $16.22 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

The Eastern Company is engaged in the manufacture and sale of industrial hardware security products and metal products from six the United States operations and seven wholly owned foreign subsidiaries. The Company maintains thirteen physical locations. The Company operates in three business segments: Industrial Hardware Security Products and Metal Products. The Security Products segment provides products that safeguard property and control access. The Industrial Hardware segment manufactures a selection of latches locks and other security hardware used in the transportation and industrial sector. The Company’s Metal Products segment manufactures anchoring devices for supporting underground mine roofs. The Company operates from locations in the United States Canada Mexico Hong Kong Taiwan and China.

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