Insteel Industries Inc (NASDAQ:IIIN) Sentiment Up, Because

Sentiment for Insteel Industries Inc (NASDAQ:IIIN)

Insteel Industries Inc (NASDAQ:IIIN) institutional sentiment increased to 1.1 in 2019 Q1. Its up 0.04, from 1.06 in 2018Q4. The ratio is more positive, as 57 investment professionals started new or increased equity positions, while 52 sold and reduced their holdings in Insteel Industries Inc. The investment professionals in our partner’s database now own: 14.86 million shares, down from 15.06 million shares in 2018Q4. Also, the number of investment professionals holding Insteel Industries Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 22 Reduced: 30 Increased: 37 New Position: 20.

Insteel Industries, Inc., together with its subsidiaries, makes and markets steel wire reinforcing products for concrete construction applications. The company has market cap of $411.60 million. The firm markets prestressed concrete strand and welded wire reinforcement (WWR). It has a 15.07 P/E ratio. The Company’s 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.

The stock increased 0.38% or $0.08 during the last trading session, reaching $21.38. About 115,900 shares traded. Insteel Industries, Inc. (NASDAQ:IIIN) has declined 36.55% since July 14, 2018 and is downtrending. It has underperformed by 40.98% the S&P500.

Robotti Robert holds 1.66% of its portfolio in Insteel Industries, Inc. for 225,160 shares. First Washington Corp owns 146,550 shares or 1.56% of their US portfolio. Moreover, Thb Asset Management has 1.05% invested in the company for 344,791 shares. The Illinois-based Bruce & Co. Inc. has invested 0.78% in the stock. Alphaone Investment Services Llc, a Pennsylvania-based fund reported 60,781 shares.

Since January 1, 0001, it had 2 buys, and 0 insider sales for $109,221 activity.

More notable recent Insteel Industries, Inc. (NASDAQ:IIIN) news were published by: Seekingalpha.com which released: “Nabriva Therapeutics plc 424B5 Jun. 25, 2019 5:29 PM – Seeking Alpha” on June 25, 2019, also Nasdaq.com with their article: “4 Ways to Increase Investor Conversion – Nasdaq” published on May 02, 2019, Streetinsider.com published: “Form 424B2 GOLDMAN SACHS GROUP INC – StreetInsider.com” on June 26, 2019. More interesting news about Insteel Industries, Inc. (NASDAQ:IIIN) were released by: Finance.Yahoo.com and their article: “Marel: Full Exercise of the Over-Allotment Option – Yahoo Finance” published on June 25, 2019 as well as Nasdaq.com‘s news article titled: “Mid-Day Report: US Stocks Mixed as Health Care Sector Clouded by Political Rhetoric While US Retail Sales Jump Most in 18 Mths – Nasdaq” with publication date: April 18, 2019.

Insteel Industries, Inc. (NASDAQ:IIIN) Institutional Positions Chart

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