GAMMA Investing LLC Increases Stake in Standex International Co. (NYSE:SXI)

GAMMA Investing LLC boosted its position in Standex International Co. (NYSE:SXI - Free Report) by 16,968.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,601 shares of the industrial products company's stock after purchasing an additional 32,410 shares during the quarter. GAMMA Investing LLC owned approximately 0.27% of Standex International worth $5,261,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Moody National Bank Trust Division raised its stake in Standex International by 6.8% during the first quarter. Moody National Bank Trust Division now owns 1,415 shares of the industrial products company's stock valued at $228,000 after buying an additional 90 shares during the last quarter. Versant Capital Management Inc boosted its stake in Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company's stock worth $61,000 after purchasing an additional 78 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Standex International by 23.2% during the first quarter. Central Pacific Bank Trust Division now owns 2,001 shares of the industrial products company's stock valued at $323,000 after buying an additional 377 shares during the last quarter. First Hawaiian Bank increased its holdings in shares of Standex International by 23.3% in the 1st quarter. First Hawaiian Bank now owns 3,089 shares of the industrial products company's stock worth $499,000 after purchasing an additional 583 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Standex International in the 4th quarter worth about $1,333,000. 90.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barrington Research reiterated an "outperform" rating and set a $220.00 target price on shares of Standex International in a research note on Friday, May 2nd. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. William Blair reiterated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. DA Davidson decreased their target price on Standex International from $207.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Wall Street Zen upgraded Standex International from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $223.33.

Standex International Price Performance

SXI stock traded up $1.07 during mid-day trading on Thursday, hitting $155.43. The company had a trading volume of 65,077 shares, compared to its average volume of 58,349. The company has a 50-day moving average price of $147.63 and a 200 day moving average price of $173.03. Standex International Co. has a 12-month low of $128.85 and a 12-month high of $212.66. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 2.63 and a beta of 1.07. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.03. The business had revenue of $207.78 million for the quarter, compared to the consensus estimate of $203.71 million. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. On average, research analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, May 9th. Standex International's payout ratio is 25.30%.

Insider Activity at Standex International

In other news, Director Barbara Joanne Edwards sold 355 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the sale, the director now directly owns 5,259 shares of the company's stock, valued at $821,087.67. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by insiders.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.