Short Interest in Standex Int’l Corp. (NYSE:SXI) Grows By 9.4%

Standex Int’l Corp. (NYSE:SXI) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 186,200 shares, an increase of 9.4% from the May 30th total of 170,200 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 74,500 shares, the short-interest ratio is currently 2.5 days.

A number of institutional investors and hedge funds have recently made changes to their positions in SXI. Advisor Group Inc. boosted its holdings in shares of Standex Int’l by 32.5% in the fourth quarter. Advisor Group Inc. now owns 689 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 169 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Standex Int’l by 2.3% in the first quarter. Texas Permanent School Fund now owns 8,591 shares of the industrial products company’s stock valued at $631,000 after acquiring an additional 196 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Standex Int’l by 15.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,677 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 221 shares during the period. Diversified Trust Co boosted its holdings in shares of Standex Int’l by 10.1% in the second quarter. Diversified Trust Co now owns 3,000 shares of the industrial products company’s stock valued at $219,000 after acquiring an additional 275 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Standex Int’l by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,791 shares of the industrial products company’s stock valued at $457,000 after acquiring an additional 319 shares during the period. 88.56% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. William Blair reiterated a “market perform” rating on shares of Standex Int’l in a research note on Wednesday, May 1st. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th.

SXI traded up $1.15 on Friday, reaching $70.98. The company’s stock had a trading volume of 107,278 shares, compared to its average volume of 72,150. The business has a 50 day simple moving average of $69.39. The company has a quick ratio of 2.69, a current ratio of 3.49 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $897.97 million, a P/E ratio of 15.99 and a beta of 1.48. Standex Int’l has a fifty-two week low of $62.02 and a fifty-two week high of $114.20.

Standex Int’l (NYSE:SXI) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.08 by ($0.43). The business had revenue of $193.80 million during the quarter, compared to analyst estimates of $201.16 million. Standex Int’l had a net margin of 8.41% and a return on equity of 12.28%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company earned $1.11 earnings per share. On average, research analysts forecast that Standex Int’l will post 4.1 EPS for the current year.

Standex Int’l Company Profile

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.

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