Marshall Wace LLP Invests $257,000 in Insteel Industries, Inc. (NASDAQ:IIIN)

Marshall Wace LLP purchased a new stake in shares of Insteel Industries, Inc. (NASDAQ:IIIN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,531 shares of the industrial products company's stock, valued at approximately $257,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Insteel Industries by 4.2% during the 4th quarter. Barclays PLC now owns 33,767 shares of the industrial products company's stock worth $912,000 after purchasing an additional 1,376 shares during the period. Legal & General Group Plc boosted its position in Insteel Industries by 5.1% in the 4th quarter. Legal & General Group Plc now owns 53,655 shares of the industrial products company's stock worth $1,449,000 after purchasing an additional 2,586 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Insteel Industries by 36.3% during the 4th quarter. Wells Fargo & Company MN now owns 9,977 shares of the industrial products company's stock valued at $269,000 after purchasing an additional 2,656 shares in the last quarter. Robotti Robert boosted its holdings in Insteel Industries by 0.4% during the fourth quarter. Robotti Robert now owns 299,245 shares of the industrial products company's stock worth $8,083,000 after buying an additional 1,110 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Insteel Industries by 131.4% during the 4th quarter. JPMorgan Chase & Co. now owns 32,541 shares of the industrial products company's stock worth $879,000 after acquiring an additional 18,480 shares in the last quarter. Hedge funds and other institutional investors own 83.27% of the company's stock.

Insteel Industries Stock Up 0.2 %

Shares of Insteel Industries stock traded up $0.07 on Friday, reaching $35.54. The company's stock had a trading volume of 109,617 shares, compared to its average volume of 143,047. The stock has a 50-day moving average price of $28.67 and a 200-day moving average price of $28.59. Insteel Industries, Inc. has a 52-week low of $22.49 and a 52-week high of $36.17. The company has a market capitalization of $689.90 million, a P/E ratio of 35.90, a PEG ratio of 1.81 and a beta of 0.72.

Insteel Industries Dividend Announcement

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

Insteel Industries Company 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.