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 0.66% during the most recent quarter end. The investment management company now holds a total of 158,628 shares of Standex Int'l Corp. which is valued at $12,495,128 after selling 1,050 shares in Standex Int'l Corp. , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Standex Int'l Corp. makes up approximately 8.25% of Wilen Investment Management Corp.’s portfolio.

Standex Int'l Corp. opened for trading at $78.66 and hit $79.98 on the upside on Friday, eventually ending the session at $78.77, with a gain of 0.22% or 0.17 points. The heightened volatility saw the trading volume jump to 38,484 shares. Company has a market cap of $1,011 M.

Other Hedge Funds, Including , Integrated Investment Consultants added SXI to its portfolio by purchasing 757 company shares during the most recent quarter which is valued at $59,629. Standex Int'l Corp. makes up approx 0.03% of Integrated Investment Consultants’s portfolio.Capstone Asset Management Co reduced its stake in SXI by selling 340 shares or 8.28% in the most recent quarter. The Hedge Fund company now holds 3,765 shares of SXI which is valued at $296,569. Standex Int'l Corp. makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Standex Int'l Corp. reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $1.00. The company had revenue of $181.90 million for the quarter, compared to analysts expectations of $185.33 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 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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