Learn Why Deprince Race & Zollo Inc Purchased Synalloy Corp Stake?

February 13, 2018 - By Stephen Andrade

 Learn Why Deprince Race & Zollo Inc Purchased Synalloy Corp Stake?

Investors sentiment increased to 1 in 2017 Q3. Its up 0.50, from 0.5 in 2017Q2. It increased, as 5 investors sold Synalloy Corporation shares while 9 reduced holdings. 5 funds opened positions while 9 raised stakes. 3.97 million shares or 1.49% more from 3.92 million shares in 2017Q2 were reported.

Nationwide Fund Advisors holds 0% or 400 shares. Farr Miller And Washington Limited Liability Corporation Dc holds 0.12% of its portfolio in Synalloy Corporation (NASDAQ:SYNL) for 102,748 shares. Morgan Stanley has invested 0% in Synalloy Corporation (NASDAQ:SYNL). Markel holds 0.1% or 414,804 shares. 166,900 are held by Renaissance Technology Ltd Liability Co. Northern Tru reported 24,431 shares. Us Financial Bank De has invested 0% in Synalloy Corporation (NASDAQ:SYNL). 44,857 are owned by California Pub Employees Retirement System. Geode Ltd Liability Corp accumulated 38,040 shares. Vanguard Grp accumulated 0% or 289,674 shares. Dimensional Fund Limited Partnership holds 0% or 391,904 shares in its portfolio. Blackrock holds 0% or 136,940 shares. Tci Wealth Advisors, Arizona-based fund reported 685 shares. Deprince Race Zollo has 0.13% invested in Synalloy Corporation (NASDAQ:SYNL). Deutsche Natl Bank Ag holds 0% or 21,736 shares.

Since August 23, 2017, it had 0 insider purchases, and 1 insider sale for $17,712 activity.

The New Deprince Race & Zollo Inc Holding in Synalloy Corp

Deprince Race & Zollo Inc reported SC 13G/A form with the SEC for Synalloy Corp. Access it here: 000117266118000422. As reported by Deprince Race & Zollo Inc, the filler owns 5.7% or 494,133 shares of the Materials–company.

Synalloy Corp stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Deprince Race & Zollo Inc’s positive view for Synalloy Corp. For a institutional investor managing $8.52 billion in assets and having 48+ experts this is interesting position.

Synalloy Corp Institutional Sentiment

Filings show 37 investors own Synalloy Corp. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 526917. 4571457 were owned by these investors. 3 funds opened new Synalloy Corp stakes, 6 increased positions. There were 9 that closed positions and 13 reduced them.

Tom Gayner Markel Corp is an investor bullish on Synalloy Corp, owning 785343 shares as of Q3 2015 for 0.19% of its portfolio. Farr Miller & Washington Llc owns 107647 shares or 0.12% of its portfolio. TX Van Den Berg Management I Inc have 0.70% of its portfolio for 602729 shares. Further, Morgan Dempsey Capital Management Llc reported stake worth 0.61% of its portfolio. The CT Mill Road Capital Management Llc owns 149798 shares. Synalloy Corp is 2.72% of its portfolio.

Business Profile

Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc., which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc. (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc. (Specialty), located in Mineral Ridge, Ohio and Houston, Texas. The Company’s Metals Segment manufactures stainless steel, other alloy pipe, storage solutions and separation equipment. The Company’s Specialty Chemicals segment consists of the Company’s subsidiary, Manufacturers Soap and Chemical Company (MS&C). The Specialty Chemicals Segment manufactures lubricants, surfactants, reaction intermediaries, sulfated fats and oils, and chemical tolling manufacturing resources.

SEC Form 13G.

Deprince Race & Zollo Inc website.

The stock decreased 0.79% or $0.1 during the last trading session, reaching $12.6. About 2,024 shares traded. Synalloy Corporation (NASDAQ:SYNL) has risen 59.68% since February 13, 2017 and is uptrending. It has outperformed by 42.98% the S&P500.

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 $109.98 million. The firm operates in two divisions, Metals and Specialty Chemicals. It currently has negative earnings. 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.

More notable recent Synalloy Corporation (NASDAQ:SYNL) news were published by: Quotes.Wsj.com which released: “Synalloy Corp. SYNL (US: Nasdaq)” on February 11, 2011, also Globenewswire.com with their article: “Synalloy’s BRISMET Unit Adding Heavy Wall Pipe Capability” published on July 06, 2015, Globenewswire.com published: “Universal Stainless Announces Rejection of Unsolicited Offer From Synalloy …” on June 29, 2017. More interesting news about Synalloy Corporation (NASDAQ:SYNL) were released by: Seekingalpha.com and their article: “Synalloy’s (SYNL) CEO Craig Bram on Q2 2017 Results – Earnings Call Transcript” published on August 08, 2017 as well as Globenewswire.com‘s news article titled: “Synalloy Corporation Delivers Non-Binding Preliminary Indication of Interest …” with publication date: January 09, 2015.

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