Trade Report: The Mason Street Advisors LLC Takes Position in Standex International Corp. (SXI)

The Mason Street Advisors LLC Takes Position in Standex International Corp. (SXI)

Mason Street Advisors LLC purchased a new stake in shares of Standex International Corp. (NYSE:SXI) during the second quarter, Holdings Channel reports. The firm purchased 2,503 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SXI. Swiss National Bank raised its position in Standex International Corp. by 2.3% in the second quarter. Swiss National Bank now owns 22,500 shares of the company’s stock valued at $1,859,000 after buying an additional 500 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Standex International Corp. by 334.7% in the second quarter. Wedge Capital Management L L P NC now owns 1,917,722 shares of the company’s stock valued at $45,661,000 after buying an additional 1,476,568 shares in the last quarter. Moody Aldrich Partners LLC increased its stake in shares of Standex International Corp. by 166.4% in the second quarter. Moody Aldrich Partners LLC now owns 24,495 shares of the company’s stock valued at $2,024,000 after buying an additional 15,300 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Standex International Corp. by 8.0% in the second quarter. Capstone Asset Management Co. now owns 4,065 shares of the company’s stock valued at $336,000 after buying an additional 300 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Standex International Corp. by 114.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,150 shares of the company’s stock valued at $343,000 after buying an additional 2,218 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Shares of Standex International Corp. (NYSE:SXI) opened at 87.14 on Thursday. The company has a market capitalization of $1.11 billion, a P/E ratio of 21.38 and a beta of 1.53. The company has a 50-day moving average of $87.73 and a 200 day moving average of $84.78. Standex International Corp. has a 12 month low of $65.53 and a 12 month high of $93.29.

Standex International Corp. (NYSE:SXI) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by $0.04. Standex International Corp. had a net margin of 6.93% and a return on equity of 15.95%. The business earned $193.80 million during the quarter, compared to analyst estimates of $198.61 million. During the same period last year, the firm posted $1.31 earnings per share. Analysts forecast that Standex International Corp. will post $5.02 EPS for the current year.

Separately, Zacks Investment Research downgraded shares of Standex International Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st.

In other news, Director William R. Fenoglio sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $85.97, for a total transaction of $429,850.00. Following the transaction, the director now directly owns 6,484 shares of the company’s stock, valued at $557,429.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Fenoglio sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $84.25, for a total value of $252,750.00. Following the transaction, the director now directly owns 11,484 shares in the company, valued at $967,527. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Standex International Corp. Company Profile

Standex International Corporation is a diversified manufacturing company for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group (ETG), Electronics Products Group and Hydraulics Products Group.

Related posts

Leave a Comment