Standex International Corp. (SXI) Sees Unusually-High Trading Volume
Standex International Corp. (NYSE:SXI) shares saw an uptick in trading volume on Thursday . 73,867 shares changed hands during mid-day trading, an increase of 15% from the previous session’s volume of 64,310 shares.The stock last traded at $89.04 and had previously closed at $88.84.
Separately, Zacks Investment Research upgraded shares of Standex International Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th.
The firm has a 50-day moving average of $87.19 and a 200 day moving average of $80.28. The firm has a market cap of $1.14 billion and a P/E ratio of 20.22.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Monday, August 8th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Thursday, August 4th.
In other news, Director William R. Fenoglio sold 1,189 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $87.96, for a total transaction of $104,584.44. Following the completion of the transaction, the director now directly owns 14,484 shares of the company’s stock, valued at $1,274,012.64. The sale was disclosed in a filing with the SEC, which is accessible through this link.
A hedge fund recently raised its stake in Standex International Corp. stock. Foresters Investment Management Company Inc. increased its position in Standex International Corp. (NYSE:SXI) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,500 shares of the company’s stock after buying an additional 7,500 shares during the period. Foresters Investment Management Company Inc. owned about 0.46% of Standex International Corp. worth $4,947,000 as of its most recent SEC filing.
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.
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