Insider: Gary Pechota just Unloaded 2,000 shares of Insteel Industries Inc (NASDAQ:IIIN), be careful if you are long!

November 29, 2016 - By Ellis Scott

Insider: Gary Pechota just Unloaded 2,000 shares of Insteel Industries Inc (NASDAQ:IIIN), be careful if you are long!

Gary Pechota Insider Sell

Gary Pechota, an insider of Insteel Industries Inc, currently director recently disclosed a transaction with the Security Exchange Commission. As reported in the electronic report, Gary Pechota sold 2,000 shares of the Pinksheet-listed Insteel Industries Inc, priced at $40.8 per share. $81,562 US Dollars was the transaction’s value. The SEC document’s date was November 29, 2016. Gary now owns 2,088 shares accounting for 0.01% of the Company’s market cap

Insteel Industries Inc (NASDAQ:IIIN) Ratings Coverage

Out of 2 analysts covering InSteel Industries (NASDAQ:IIIN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. InSteel Industries has been the topic of 2 analyst reports since July 22, 2016 according to StockzIntelligence Inc. Rosenblatt maintained it with “Neutral” rating and $34 target price in Friday, July 22 report. The firm earned “Buy” rating on Tuesday, November 22 by Sidoti.

Insitutional Activity: The institutional sentiment increased to 1.42 in Q2 2016. Its up 0.39, from 1.03 in 2016Q1. The ratio improved, as 15 funds sold all Insteel Industries Inc shares owned while 53 reduced positions. 29 funds bought stakes while 41 increased positions. They now own 14.39 million shares or 2.56% more from 14.03 million shares in 2016Q1.

Eam Investors Limited Com reported 31,902 shares or 0.14% of all its holdings. Panagora Asset Mgmt has 0% invested in the company for 828 shares. Alphaone Invest Svcs Limited Com holds 125,502 shares or 1.32% of its portfolio. Moreover, Friess Assoc Limited Liability has 0.4% invested in Insteel Industries Inc (NASDAQ:IIIN) for 136,100 shares. Alliancebernstein Limited Partnership last reported 52,590 shares in the company. Lucus Advsr Ltd Liability Corp reported 12,485 shares or 0.29% of all its holdings. Pacific Ridge Cap Partners Limited Liability Corp holds 0.64% of its portfolio in Insteel Industries Inc (NASDAQ:IIIN) for 49,563 shares. Schwab Charles Investment Inc has invested 0% of its portfolio in Insteel Industries Inc (NASDAQ:IIIN). Buckhead Cap Mngmt Limited Liability Company has 0.18% invested in the company for 35,385 shares. Great West Life Assurance Can reported 6,198 shares or 0% of all its holdings. Manufacturers Life Insurance Company The, a Ontario – Canada-based fund reported 12,369 shares. Blackrock Fund Advsr reported 454,733 shares or 0% of all its holdings. Blackrock Japan Co Ltd holds 1,351 shares or 0% of its portfolio. Us Financial Bank De, a Minnesota-based fund reported 1,553 shares. Cortina Asset Mngmt Limited Liability Company owns 142,502 shares or 0.19% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 11 sales for $4.79 million net activity. 4,420 shares with value of $149,679 were sold by Wagner Richard on Wednesday, August 17. The insider GAZMARIAN MICHAEL C sold $316,651. 20,000 shares with value of $689,360 were sold by WOLTZ H O III on Tuesday, August 30. $358,915 worth of Insteel Industries Inc (NASDAQ:IIIN) was sold by Jafroodi Scot R on Wednesday, July 27. Shares for $133,375 were sold by PETELLE JAMES F. NEWSOME CHARLES B had sold 1,500 shares worth $50,135.

About 600 shares traded hands. Insteel Industries Inc (NASDAQ:IIIN) has risen 38.86% since April 26, 2016 and is uptrending. It has outperformed by 33.60% the S&P500.

Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The company has a market cap of $905.45 million. The Company’s activities are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. It has a 21.03 P/E ratio. The Company’s concrete reinforcing products consist of two product lines: prestressed concrete strand and welded wire reinforcement (WWR).

According to Zacks Investment Research, “Insteel Industries is one of the nation’s largest manufacturers of steel wire reinforcing products for concrete construction applications. The Company manufactures and markets prestressed concrete strand and welded wire reinforcement, including concrete pipe reinforcement, engineered structural mesh and standard welded wire reinforcement. Insteel’s products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates six manufacturing facilities located in the United States.”

Analysts await Insteel Industries Inc (NASDAQ:IIIN) to report earnings on January, 19.

More recent Insteel Industries Inc (NASDAQ:IIIN) news were published by: Foxbusiness.com which released: “Why Insteel Industries Inc. Stock Jumped 13% Today” on November 25, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on December 22, 2009. Streetinsider.com‘s news article titled: “Littelfuse (LFUS) to Join S&P MidCap 400, Insteel Industries (IIIN) to Join S ..” with publication date: November 23, 2016 was also an interesting one.

IIIN Company Profile

Insteel Industries, Inc., incorporated on December 1, 1958, is a maker of steel wire reinforcing products for concrete construction applications. The Company’s activities are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. The Company’s concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). The Company’s products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. The Firm sells its products nationwide across the United States, Canada, Mexico, and Central and South America.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>