Advantage Alpha Capital Partners LP Invests $1.99 Million in Standex International Co. (NYSE:SXI)

Advantage Alpha Capital Partners LP purchased a new position in shares of Standex International Co. (NYSE:SXI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,659 shares of the industrial products company's stock, valued at approximately $1,993,000. Advantage Alpha Capital Partners LP owned about 0.09% of Standex International at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in shares of Standex International by 15.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,647 shares of the industrial products company's stock worth $1,946,000 after purchasing an additional 1,392 shares during the period. Intech Investment Management LLC boosted its position in Standex International by 27.5% during the 3rd quarter. Intech Investment Management LLC now owns 1,997 shares of the industrial products company's stock valued at $365,000 after acquiring an additional 431 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Standex International by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company's stock worth $26,299,000 after acquiring an additional 3,844 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of Standex International by 7.9% in the 3rd quarter. Raymond James Trust N.A. now owns 4,740 shares of the industrial products company's stock valued at $866,000 after purchasing an additional 347 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of Standex International by 14.4% during the third quarter. Cerity Partners LLC now owns 7,642 shares of the industrial products company's stock valued at $1,397,000 after purchasing an additional 963 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

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Standex International Stock Down 4.2 %

Standex International stock traded down $7.06 during mid-day trading on Friday, hitting $160.52. The company had a trading volume of 76,600 shares, compared to its average volume of 53,252. Standex International Co. has a 12 month low of $154.45 and a 12 month high of $212.66. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The stock's 50 day moving average price is $183.68 and its two-hundred day moving average price is $187.35. The company has a market capitalization of $1.91 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. As a group, sell-side analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, February 14th. Standex International's dividend payout ratio (DPR) is currently 27.95%.

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the transaction, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

SXI has been the subject of a number of research reports. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. DA Davidson upped their target price on shares of Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. William Blair reissued an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, Barrington Research restated an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $231.33.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.