9 hours Ago By ABMN Staff
Legal & General Group Plc increased its holdings in Insteel Industries, Inc. ( NASDAQ:IIIN – Free Report ) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 53,655 shares of the industrial products company’s stock after purchasing an additional 2,586 shares during the period. Legal & General Group Plc owned approximately 0.28% of Insteel Industries worth $1,449,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in IIIN. Smartleaf Asset Management LLC boosted its position in Insteel Industries by 535.5% during the fourth quarter.
Smartleaf Asset Management LLC now owns 1,970 shares of the industrial products company’s stock valued at $53,000 after buying an additional 1,660 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Insteel Industries by 3,568.6% in the 4th quarter.
Nisa Investment Advisors LLC now owns 2,568 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 2,498 shares during the last quarter. AlphaQuest LLC purchased a new stake in Insteel Industries during the 4th quarter valued at about $83,000. KLP Kapitalforvaltning AS bought a new position in Insteel Industries during the 4th quarter worth approximately $97,000.
Finally, Quantbot Technologies LP increased its stake in Insteel Industries by 106.5% in the 4th quarter. Quantbot Technologies LP now owns 8,008 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 4,130 shares during the period.
Institutional investors own 83.27% of the company’s stock. Insteel Industries Stock Performance NASDAQ:IIIN opened at $33.
03 on Friday. Insteel Industries, Inc. has a fifty-two week low of $22.
49 and a fifty-two week high of $35.52. The firm has a market cap of $641.
08 million, a PE ratio of 33.36, a price-to-earnings-growth ratio of 1.81 and a beta of 0.
94. The business has a 50 day moving average price of $27.67 and a 200-day moving average price of $28.
24. Insteel Industries Announces Dividend About Insteel Industries ( Free Report ) Insteel Industries, Inc, together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products.
Its 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. See Also Receive News & Ratings for Insteel Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insteel Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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