Synalloy Corp (NASDAQ:SYNL) Institutional Investor Sentiment Trend

Sentiment for Synalloy Corp (NASDAQ:SYNL)

Synalloy Corp (NASDAQ:SYNL) institutional sentiment decreased to 1.33 in Q3 2018. Its down -1.58, from 2.91 in 2018Q2. The ratio turned negative, as 24 active investment managers started new and increased holdings, while 18 sold and reduced their equity positions in Synalloy Corp. The active investment managers in our partner’s database reported: 4.70 million shares, up from 4.61 million shares in 2018Q2. Also, the number of active investment managers holding Synalloy Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 13 Increased: 15 New Position: 9.

Synalloy Corporation engages in production and sale of stainless steel pipes, fiberglass, steel storage tanks, and specialty chemicals in the United States and internationally. The company has market cap of $139.54 million. The firm operates in two divisions, Metals and Specialty Chemicals. It has a 10.27 P/E ratio. The Metals segment makes and sells stainless steel and other alloy pipes under the BRISMET trade name through authorized stocking distributors; and liquid storage solutions and separation equipment, as well as distributes seamless carbon pipes and tubes.

The stock decreased 1.75% or $0.28 during the last trading session, reaching $15.73. About 1,626 shares traded. Synalloy Corporation (NASDAQ:SYNL) has risen 25.00% since January 14, 2018 and is uptrending. It has outperformed by 25.00% the S&P500.

Zpr Investment Management holds 1.95% of its portfolio in Synalloy Corporation for 56,395 shares. Van Den Berg Management I Inc owns 472,069 shares or 1.15% of their US portfolio. Moreover, Minerva Advisors Llc has 0.96% invested in the company for 82,355 shares. The Wisconsin-based Morgan Dempsey Capital Management Llc has invested 0.35% in the stock. Farr Miller & Washington Llc Dc, a -based fund reported 94,709 shares.

Since January 1, 0001, it had 5 insider purchases, and 0 selling transactions for $2.78 million activity.

More notable recent Synalloy Corporation (NASDAQ:SYNL) news were published by: Globenewswire.com which released: “Synalloy Executes Agreement to Purchase and Leaseback Munhall Property for $10.0 Million and Announces Planned Agreement to Purchase Marcegaglia’s Galvanized Tube Business for $10.0 Million – GlobeNewswire” on May 29, 2018, also Globenewswire.com with their article: “Synalloy Corporation Delivers Non-Binding Preliminary Indication of Interest to The Eastern Company – GlobeNewswire” published on January 09, 2015, Globenewswire.com published: “Synalloy Corporation Closes on the Purchase of Marcegaglia USA’s Galvanized Tube Operations and Refinances its ABL from $65 million to $80 million – GlobeNewswire” on July 02, 2018. More interesting news about Synalloy Corporation (NASDAQ:SYNL) were released by: Seekingalpha.com and their article: “Haynes International: Time To Sell – Seeking Alpha” published on November 03, 2016 as well as Globenewswire.com‘s news article titled: “Synalloy to be Added to the Small-cap Russell 2000 Index – GlobeNewswire” with publication date: June 11, 2018.

Synalloy Corporation (NASDAQ:SYNL) Institutional Positions Chart

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