Wilen Investment Management Corp. Lowers stake in Standex Int'l Corp. (SXI)

Standex Int'l Corp. (SXI) : Wilen Investment Management Corp. reduced its stake in Standex Int'l Corp. by 4.29% during the most recent quarter end. The investment management company now holds a total of 151,820 shares of Standex Int'l Corp. which is valued at $13,314,614 after selling 6,808 shares in Standex Int'l Corp. , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Standex Int'l Corp. makes up approximately 8.25% of Wilen Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in SXI by selling 500 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 26,666 shares of SXI which is valued at $2,338,608.Wedge Capital Management L L Pnc boosted its stake in SXI in the latest quarter, The investment management firm added 1,476,568 additional shares and now holds a total of 1,917,722 shares of Standex Int'l Corp. which is valued at $170,293,714. Standex Int'l Corp. makes up approx 1.87% of Wedge Capital Management L L Pnc’s portfolio.Msi Financial Services Inc boosted its stake in SXI in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 340 shares of Standex Int'l Corp. which is valued at $30,284. Quotient Investors sold out all of its stake in SXI during the most recent quarter. The investment firm sold 2,700 shares of SXI which is valued $233,901.

Standex Int'l Corp. closed down -0.35 points or -0.39% at $89.26 with 32,571 shares getting traded on Monday. Post opening the session at $89.33, the shares hit an intraday low of $88.95 and an intraday high of $90.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Standex Int'l Corp. reported $0.93 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $1.05. The company had revenue of $177.50 million for the quarter, compared to analysts expectations of $183.10 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.02 EPS.

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. The Food Service Equipment business products are used throughout the entire commercial food service process. The Engraving Group is a single source texture solutions supplier for Original Equipment Manufacturers (OEMs). The ETG provides engineered parts in all workable metal alloys. The Electronics Products Group manufactures custom magnetic sensing and electromechanical components; fluid level sensors flow pressure proximity conductive and inductive sensors; electronics assemblies and magnetic components. The Hydraulics Products Group manufactures mobile hydraulic cylinders and piston rod hydraulic cylinders.

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