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Vishay Precision Group Inc. (VPG): Nokomis Capital Raises Stake

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In a newly-amended 13D filing with the Securities and Exchange Commission, Brett Hendrickson‘s Nokomis Capital reported owning 1.78 million common shares of Vishay Precision Group Inc. (NYSE:VPG), which account for 14.6% of the company’s outstanding stock. This indicates a slight increase to the fund’s stake, as it previously held 1.63 million shares according to its 13F filing for the reporting period of June 30.

Vishay Precision Group is a company that produces resistors, sensors, and sensor-based measurement systems, which operates three divisions – Force Sensor, Foil Technology Products, and Control Systems. Recently, one of the company’s brands, VPG Onboard Weighing, signed a distribution agreement with Spanner Ltd. in order to enhance its presence in Ireland. Over the past 12 months, the company’s stock has increased by 31.74%. In its financial report for the second quarter of fiscal year 2016, Vishay Precision Group disclosed earnings per diluted share of $0.14 and net revenue of almost $58 million, compared to EPS of $0.11 and revenue of $59.51 million for the same quarter of fiscal year 2015. Recently, B Riley reiterated its ‘Buy’ rating on Vishay Precision Group’s stock, with a price target of $17.

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As per our hedge fund database, smart money managers that were bullish on Vishay Precision Group Inc. (NYSE:VPG) at the end of June encompassed Chuck Royce’s Royce & Associates, which held a position valued at $11.32 million, Jim Simons’ Renaissance Technologies, with a $5.3 million position, and J. Carlo Cannell’s Cannell Capital, which initiated a new position in the company worth $1.6 million. An investor who dumped Vishay Precision Group Inc. (NYSE:VPG) during the second quarter, saying goodbye to a position that had been valued at $30,000 on March 31, was Gavin Saitowitz and Cisco J. Del Valle’s Springbok Capital.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Nokomis Capital 0 1,779,324 0 1,779,324 1,779,324 14.6%
Brett Hendrickson 0 1,779,324 0 1,779,324 1,779,324 14.6%

Brett Hendrickson
Brett Hendrickson
Nokomis Capital

Page 1 of 7 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE
13D/A

(Amendment No. 1)

(Rule 13d-101)

Under
the Securities Exchange Act of 1934

 

 

Vishay
Precision Group, Inc.

(Name of Issuer)

Common Stock, $0.10 par value

(Title of Class of Securities)

92835K103

(CUSIP NUMBER)

Brett Hendrickson

2305 Cedar Springs Rd., Suite 420

Dallas, TX 75201

(972)
590-4100

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 18, 2016

(Date of
event which requires filing of this statement)

 

 

If the filing person has
previously filed a statement on Schedule 13G to report the acquisition which is the subject of this

Schedule 13D, and is filing this schedule because of
Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box  x.

The information required in the
remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the Act), or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.

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