Institutional Investors Are Crazy About Synalloy Corp (NASDAQ:SYNL)

April 22, 2018 - By Henry Gaston

Sentiment for Synalloy Corp (NASDAQ:SYNL)

Synalloy Corp (NASDAQ:SYNL) institutional sentiment increased to 1.18 in Q4 2017. Its up 0.18, from 1 in 2017Q3. The ratio is better, as 13 institutional investors increased or opened new holdings, while 11 cut down and sold stock positions in Synalloy Corp. The institutional investors in our partner’s database reported: 4.11 million shares, up from 3.97 million shares in 2017Q3. Also, the number of institutional investors holding Synalloy Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 6 Increased: 8 New Position: 5.

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 $150.63 million. The firm operates in two divisions, Metals and Specialty Chemicals. It has a 114.67 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 0.58% or $0.1 during the last trading session, reaching $17.2. About 6,207 shares traded. Synalloy Corporation (NASDAQ:SYNL) has risen 19.43% since April 22, 2017 and is uptrending. It has outperformed by 7.88% the S&P500.

Van Den Berg Management I Inc holds 0.75% of its portfolio in Synalloy Corporation for 496,310 shares. Minerva Advisors Llc owns 84,755 shares or 0.6% of their US portfolio. Moreover, First Wilshire Securities Management Inc has 0.23% invested in the company for 62,414 shares. The Wisconsin-based Morgan Dempsey Capital Management Llc has invested 0.2% in the stock. Deprince Race & Zollo Inc, a Florida-based fund reported 494,133 shares.

Synalloy Corporation (NASDAQ:SYNL) Institutional Positions Chart

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