Tygh Capital Management Inc. Has $10.75 Million Holdings in Standex Int’l Corp. (SXI)
Tygh Capital Management Inc. boosted its stake in Standex Int’l Corp. (NYSE:SXI) by 11.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,133 shares of the industrial products company’s stock after purchasing an additional 10,553 shares during the quarter. Standex Int’l makes up 1.8% of Tygh Capital Management Inc.’s investment portfolio, making the stock its 15th largest position. Tygh Capital Management Inc. owned about 0.80% of Standex Int’l worth $10,752,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ramsey Quantitative Systems boosted its stake in Standex Int’l by 135.6% in the 2nd quarter. Ramsey Quantitative Systems now owns 1,237 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 712 shares during the period. Amalgamated Bank bought a new position in Standex Int’l in the 2nd quarter worth about $208,000. United Services Automobile Association bought a new position in Standex Int’l in the 2nd quarter worth about $210,000. Advisors Asset Management Inc. boosted its stake in Standex Int’l by 233.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 10,794 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 7,554 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Standex Int’l in the 2nd quarter worth about $277,000. Institutional investors and hedge funds own 87.05% of the company’s stock.
In other Standex Int’l news, VP Thomas D. Debyle sold 2,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $110.10, for a total value of $220,200.00. Following the sale, the vice president now owns 65,343 shares of the company’s stock, valued at approximately $7,194,264.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.64% of the company’s stock.
NYSE:SXI opened at $79.30 on Wednesday. Standex Int’l Corp. has a twelve month low of $76.00 and a twelve month high of $114.20. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.34 and a beta of 1.66. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.97 and a current ratio of 2.74.
Standex Int’l (NYSE:SXI) last released its quarterly earnings results on Monday, October 29th. The industrial products company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.22). Standex Int’l had a net margin of 4.54% and a return on equity of 14.52%. The business had revenue of $193.08 million during the quarter, compared to analysts’ expectations of $226.20 million. During the same period in the previous year, the business earned $1.23 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that Standex Int’l Corp. will post 5.6 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Thursday, November 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.01%. This is a boost from Standex Int’l’s previous quarterly dividend of $0.18. Standex Int’l’s dividend payout ratio (DPR) is presently 15.47%.
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Standex Int’l 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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