Cresset Asset Management LLC Invests $1.07 Million in Insteel Industries, Inc. (NASDAQ:IIIN)

Cresset Asset Management LLC bought a new position in Insteel Industries, Inc. (NASDAQ:IIIN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 39,447 shares of the industrial products company's stock, valued at approximately $1,065,000. Cresset Asset Management LLC owned about 0.20% of Insteel Industries as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Insteel Industries by 535.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,970 shares of the industrial products company's stock worth $53,000 after purchasing an additional 1,660 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Insteel Industries by 3,568.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,568 shares of the industrial products company's stock worth $69,000 after purchasing an additional 2,498 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Insteel Industries in the 4th quarter worth about $83,000. KLP Kapitalforvaltning AS bought a new stake in shares of Insteel Industries in the 4th quarter worth about $97,000. Finally, Quantbot Technologies LP lifted its position in Insteel Industries by 106.5% during the 4th quarter. Quantbot Technologies LP now owns 8,008 shares of the industrial products company's stock worth $216,000 after buying an additional 4,130 shares in the last quarter. Institutional investors own 83.27% of the company's stock.

Insteel Industries Stock Up 0.2%

Shares of NASDAQ IIIN opened at $35.54 on Monday. The firm's 50-day simple moving average is $28.85 and its 200 day simple moving average is $28.66. The company has a market cap of $689.90 million, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 1.81 and a beta of 0.72. Insteel Industries, Inc. has a 12-month low of $22.49 and a 12-month high of $35.86.

Insteel Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.03 per share. The ex-dividend date was Friday, March 14th. This represents a $0.12 annualized dividend and a yield of 0.34%. Insteel Industries's dividend payout ratio (DPR) is 10.34%.

Insteel Industries Profile

Insteel Industries, Inc, together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures.

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