Penn Virginia Corporation (PVA), Kirkland’s, Inc. (KIRK) Among Nokomis Capital’s Top Stock Picks

Nokomis initiated a stake in Vishay Precision Group Inc (NYSE:VPG) in the third quarter of 2013 comprised of some 179,600 shares. After adding 871,500 shares to the holding in the first quarter of this year, Nokomis is now one of the largest stockholders of Vishay with some 1.27 million shares valued at $20.27 million. The stake represents 10.1% of the company’s outstanding shares. As far as the stock price of the $170.12 million company is concerned, it has depreciated by over 20% so far this year. Revenues for the first quarter fell by 7.3% on a year-over-year basis to $56.16 million while the EPS of $0.05 declined by nearly 60%.

The total investment in Vishay Precision Group Inc (NYSE:VPG) by the hedge funds that we track has decreased over the last quarter, since 12 firms had an aggregate investment of $67.44 million in the company at the end of March as compared to the same number of funds with $93.21 million invested at the end of 2014. Chuck Royce‘s Royce & Associates and Peter Schliemann’s Rutabaga Capital Management are two other prominent investors in Vishay Precision Group Inc (NYSE:VPG) with stakes of 852,900 and 768,000 shares respectively.

Disclosure: None