Versant Capital Management Inc Has $27,000 Stock Position in Standex Int’l Corp. (NYSE:SXI)

Versant Capital Management Inc trimmed its holdings in Standex Int’l Corp. (NYSE:SXI) by 39.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 371 shares of the industrial products company’s stock after selling 243 shares during the period. Versant Capital Management Inc’s holdings in Standex Int’l were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SXI. Nisa Investment Advisors LLC raised its stake in Standex Int’l by 14.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 500 shares in the last quarter. Diversified Trust Co raised its position in shares of Standex Int’l by 10.1% in the second quarter. Diversified Trust Co now owns 3,000 shares of the industrial products company’s stock valued at $219,000 after buying an additional 275 shares in the last quarter. First Trust Advisors LP raised its position in shares of Standex Int’l by 316.5% in the first quarter. First Trust Advisors LP now owns 21,558 shares of the industrial products company’s stock valued at $1,582,000 after buying an additional 16,382 shares in the last quarter. FMR LLC raised its position in shares of Standex Int’l by 11.0% in the first quarter. FMR LLC now owns 421,338 shares of the industrial products company’s stock valued at $30,926,000 after buying an additional 41,723 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Standex Int’l in the first quarter valued at approximately $145,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Standex Int’l from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 7th. ValuEngine raised Standex Int’l from a “sell” rating to a “hold” rating in a report on Thursday. Finally, William Blair reaffirmed a “market perform” rating on shares of Standex Int’l in a report on Wednesday, May 1st.

SXI stock traded down $1.85 during midday trading on Friday, reaching $66.50. The company had a trading volume of 61,169 shares, compared to its average volume of 67,247. The stock has a market capitalization of $890.26 million, a P/E ratio of 15.85 and a beta of 1.45. The company’s 50 day simple moving average is $70.43. Standex Int’l Corp. has a 1-year low of $62.02 and a 1-year high of $114.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.49 and a quick ratio of 2.69.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, August 8th. Standex Int’l’s dividend payout ratio (DPR) is presently 15.47%.

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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Institutional Ownership by Quarter for Standex Int`l (NYSE:SXI)

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