Cutler Capital Management Boosted Spirit Realty (SRC) Position by $552,800; Thomson Horstmann & Bryant Increases Stake in Insteel Indust (IIIN)

February 20, 2018 - By Richard Conner

Thomson Horstmann & Bryant Inc increased its stake in Insteel Indust Inc (IIIN) by 6.56% based on its latest 2017Q3 regulatory filing with the SEC. Thomson Horstmann & Bryant Inc bought 17,848 shares as the company’s stock declined 14.26% while stock markets rallied. The institutional investor held 289,860 shares of the capital goods company at the end of 2017Q3, valued at $7.57 million, up from 272,012 at the end of the previous reported quarter. Thomson Horstmann & Bryant Inc who had been investing in Insteel Indust Inc for a number of months, seems to be bullish on the $595.98M market cap company. The stock increased 0.55% or $0.17 during the last trading session, reaching $31.3. About 11,356 shares traded. Insteel Industries, Inc. (NASDAQ:IIIN) has risen 28.48% since February 20, 2017 and is uptrending. It has outperformed by 11.78% the S&P500.

Cutler Capital Management Llc increased its stake in Spirit Realty (SRC) by 36.74% based on its latest 2017Q3 regulatory filing with the SEC. Cutler Capital Management Llc bought 69,100 shares as the company’s stock declined 32.65% while stock markets rallied. The institutional investor held 257,200 shares of the consumer services company at the end of 2017Q3, valued at $2.20 million, up from 188,100 at the end of the previous reported quarter. Cutler Capital Management Llc who had been investing in Spirit Realty for a number of months, seems to be bullish on the $3.53B market cap company. The stock decreased 0.41% or $0.0316 during the last trading session, reaching $7.7484. About 502,081 shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has declined 36.20% since February 20, 2017 and is downtrending. It has underperformed by 52.90% the S&P500.

Among 18 analysts covering Spirit Realty Capital (NYSE:SRC), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Spirit Realty Capital had 51 analyst reports since July 23, 2015 according to SRatingsIntel. As per Tuesday, May 10, the company rating was maintained by Wunderlich. Sandler O’Neill upgraded Spirit Realty Capital, Inc. (NYSE:SRC) on Friday, May 5 to “Buy” rating. Mizuho initiated the stock with “Buy” rating in Friday, October 14 report. SunTrust upgraded the shares of SRC in report on Monday, January 22 to “Buy” rating. The firm has “Outperform” rating given on Wednesday, January 4 by FBR Capital. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) earned “Neutral” rating by UBS on Friday, May 5. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) has “Neutral” rating given on Monday, September 14 by Bank of America. As per Wednesday, September 7, the company rating was upgraded by Morgan Stanley. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) earned “Buy” rating by UBS on Wednesday, April 27. The firm has “Neutral” rating given on Friday, November 10 by Robert W. Baird.

Investors sentiment increased to 1.29 in Q3 2017. Its up 0.31, from 0.98 in 2017Q2. It increased, as 29 investors sold SRC shares while 73 reduced holdings. 45 funds opened positions while 87 raised stakes. 417.60 million shares or 1.85% less from 425.47 million shares in 2017Q2 were reported. First Allied Advisory Incorporated holds 0.01% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC) for 34,748 shares. 1.90 million are owned by Permian Investment Prtn L P. First Manhattan owns 25,000 shares for 0% of their portfolio. Susquehanna Interest Group Llp accumulated 14,062 shares or 0% of the stock. Barclays Public Limited holds 217,946 shares. V3 Mgmt Ltd Partnership holds 15.94% or 9.47M shares. Sterling Cap Limited Liability Corporation invested 0.01% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC). Moreover, Nokota Mgmt Limited Partnership has 0.56% invested in Spirit Realty Capital, Inc. (NYSE:SRC). Dimensional Fund Advsr Limited Partnership invested in 7.30 million shares or 0.03% of the stock. Monarch Alternative Capital LP reported 11.73 million shares. Jpmorgan Chase & invested in 0.01% or 4.00 million shares. Bokf Na accumulated 0% or 10,024 shares. Ww Asset Mngmt invested in 24,083 shares. Next Finance Grp holds 0.03% or 11,176 shares. Oppenheimer & Com holds 0% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC) for 12,600 shares.

Among 3 analysts covering InSteel Industries (NASDAQ:IIIN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. InSteel Industries had 5 analyst reports since July 22, 2016 according to SRatingsIntel. The stock has “Buy” rating by Sidoti on Monday, December 18. The firm has “Neutral” rating by Rosenblatt given on Friday, July 22. The firm earned “Buy” rating on Tuesday, November 22 by Sidoti. The stock of Insteel Industries, Inc. (NASDAQ:IIIN) has “Hold” rating given on Thursday, January 18 by Sidoti.

Investors sentiment increased to 2 in Q3 2017. Its up 1.09, from 0.91 in 2017Q2. It improved, as 10 investors sold IIIN shares while 24 reduced holdings. 22 funds opened positions while 46 raised stakes. 15.23 million shares or 0.94% less from 15.38 million shares in 2017Q2 were reported. Deutsche Bank & Trust Ag reported 83,417 shares. Principal Group Inc Inc reported 145,243 shares or 0% of all its holdings. 28,980 are held by California State Teachers Retirement Sys. State Board Of Administration Of Florida Retirement holds 18,511 shares. Legal & General Public Limited has 32,694 shares. Alliancebernstein LP has invested 0% of its portfolio in Insteel Industries, Inc. (NASDAQ:IIIN). Alphaone Service owns 139,052 shares. Monarch Prtn Asset Management Ltd Liability reported 0.03% of its portfolio in Insteel Industries, Inc. (NASDAQ:IIIN). Moreover, Royal Comml Bank Of Canada has 0.02% invested in Insteel Industries, Inc. (NASDAQ:IIIN) for 1.40 million shares. Teachers Retirement Of The State Of Kentucky invested in 6,400 shares or 0% of the stock. Arizona State Retirement System stated it has 9,400 shares or 0% of all its holdings. Prudential Financial stated it has 30,542 shares or 0% of all its holdings. 289,860 are owned by Thomson Horstmann And Bryant Incorporated. California Public Employees Retirement System invested 0% in Insteel Industries, Inc. (NASDAQ:IIIN). Moreover, Systematic Finance Mngmt Limited Partnership has 0.07% invested in Insteel Industries, Inc. (NASDAQ:IIIN) for 140,599 shares.

Thomson Horstmann & Bryant Inc, which manages about $1.82 billion and $728.58 million US Long portfolio, decreased its stake in Si Financial Group Inc (NASDAQ:SIFI) by 77,154 shares to 706,909 shares, valued at $10.57M in 2017Q3, according to the filing. It also reduced its holding in Hometrust Bancshares Inc (NASDAQ:HTBI) by 39,470 shares in the quarter, leaving it with 410,721 shares, and cut its stake in Rex American Resources (NYSE:REX).

Since October 24, 2017, it had 0 insider buys, and 1 sale for $27,110 activity.

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