Wolverine Asset Management LLC boosted its position in shares of Multi-Fineline Electronix, Inc. (NASDAQ:MFLX) by 114.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,246 shares of the company’s stock after buying an additional 64,589 shares during the period. Wolverine Asset Management LLC’s holdings in Multi-Fineline Electronix were worth $2,812,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of MFLX. GLG Partners LP boosted its stake in Multi-Fineline Electronix by 151.6% in the second quarter. GLG Partners LP now owns 287,038 shares of the company’s stock valued at $6,659,000 after buying an additional 172,933 shares during the period. Guggenheim Capital LLC boosted its stake in Multi-Fineline Electronix by 1.2% in the second quarter. Guggenheim Capital LLC now owns 19,060 shares of the company’s stock valued at $442,000 after buying an additional 225 shares during the period. Allianz Asset Management AG boosted its stake in Multi-Fineline Electronix by 8.4% in the second quarter. Allianz Asset Management AG now owns 169,354 shares of the company’s stock valued at $3,929,000 after buying an additional 13,162 shares during the period. Ancora Advisors LLC bought a new stake in Multi-Fineline Electronix during the second quarter valued at approximately $1,460,000. Finally, K2 Principal Fund L.P. bought a new stake in Multi-Fineline Electronix during the second quarter valued at approximately $230,000.
Separately, B. Riley restated a “neutral” rating and set a $23.00 price target on shares of Multi-Fineline Electronix in a research note on Tuesday, August 2nd. Five equities research analysts have rated the stock with a hold rating, Multi-Fineline Electronix presently has a consensus rating of “Hold” and a consensus price target of $22.33.
Multi-Fineline Electronix Company Profile
Multi-Fineline Electronix, Inc is engaged in the engineering, design and manufacture of flexible circuit boards along with related component assemblies. The Company provides flexible printed circuits and value-added component assembly solutions to the electronics industry. The Company provides its solutions to original equipment manufacturers (OEMs) and to electronic manufacturing services (EMS) providers.