Weber Alan W buys $640,150 stake in Xerium Technologies (XRM)

Xerium Technologies (XRM) : Weber Alan W scooped up 29,000 additional shares in Xerium Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 78,258 shares of Xerium Technologies which is valued at $640,150.Xerium Technologies makes up approximately 0.41% of Weber Alan W’s portfolio.

Other Hedge Funds, Including , Robotti Robert boosted its stake in XRM in the latest quarter, The investment management firm added 96,666 additional shares and now holds a total of 425,580 shares of Xerium Technologies which is valued at $3,481,244. Xerium Technologies makes up approx 1.18% of Robotti Robert’s portfolio.Blackrock Investment Management reduced its stake in XRM by selling 38,329 shares or 95.18% in the most recent quarter. The Hedge Fund company now holds 1,943 shares of XRM which is valued at $15,894.Tocqueville Asset Management boosted its stake in XRM in the latest quarter, The investment management firm added 21,950 additional shares and now holds a total of 1,547,208 shares of Xerium Technologies which is valued at $11,526,700. Xerium Technologies makes up approx 0.14% of Tocqueville Asset Management’s portfolio.

Xerium Technologies opened for trading at $8.63 and hit $9.0935 on the upside on Tuesday, eventually ending the session at $8.96, with a gain of 4.31% or 0.37 points. The heightened volatility saw the trading volume jump to 90,500 shares. Company has a market cap of $143 M.

Xerium Technologies Inc. (Xerium) is a global manufacturer and supplier of two types of consumable products used primarily 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. Its machine clothing segment products include various types of industrial textiles used on paper-making machines and other industrial applications. Through its roll covers segment it manufactures various types of roll covers refurbishes previously installed roll covers provides mechanical services for the internal mechanisms of rolls used on paper-making machines and manufactures spreader rolls. In addition its products are also installed in other industrial applications such as non-woven and fiber cement machines.

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