Tocqueville Asset Management LP Has Boosted Fabrinet (FN) Position; Mitcham Industries (MIND)’s Sentiment Is 1

February 15, 2018 - By Adrian Mccoy

Mitcham Industries, Inc., through its subsidiaries, leases, sells, and services equipment to the geophysical, oceanographic, and hydrographic industries worldwide. The company has market cap of $42.39 million. The firm operates in two divisions, Equipment Leasing, and Equipment Manufacturing and Sales. It currently has negative earnings. The Equipment Leasing segment leases seismic equipment for short-term primarily to seismic data acquisition contractors and oil field service providers.

Tocqueville Asset Management Lp increased Fabrinet (FN) stake by 308.28% reported in 2017Q3 SEC filing. Tocqueville Asset Management Lp acquired 228,654 shares as Fabrinet (FN)’s stock declined 27.98%. The Tocqueville Asset Management Lp holds 302,824 shares with $11.22 million value, up from 74,170 last quarter. Fabrinet now has $1.09 billion valuation. The stock increased 1.95% or $0.56 during the last trading session, reaching $29.22. About 521,724 shares traded. Fabrinet (NYSE:FN) has risen 8.67% since February 15, 2017 and is uptrending. It has underperformed by 8.03% the S&P500.

The stock increased 2.32% or $0.08 during the last trading session, reaching $3.51. About 3,223 shares traded. Mitcham Industries, Inc. (MIND) has risen 10.89% since February 15, 2017 and is uptrending. It has underperformed by 5.81% the S&P500.

Aegis Financial Corp holds 4.4% of its portfolio in Mitcham Industries, Inc. for 890,187 shares. First Wilshire Securities Management Inc owns 356,044 shares or 0.35% of their US portfolio. Moreover, Perritt Capital Management Inc has 0.13% invested in the company for 138,300 shares. The Illinois-based Ariel Investments Llc has invested 0.12% in the stock. Rbf Capital Llc, a California-based fund reported 159,592 shares.

Among 7 analysts covering Fabrinet (NYSE:FN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Fabrinet had 40 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Fabrinet (NYSE:FN) earned “Overweight” rating by JP Morgan on Friday, May 27. Stifel Nicolaus maintained it with “Buy” rating and $4800 target in Friday, July 14 report. Northland Capital maintained the stock with “Buy” rating in Monday, January 29 report. Needham maintained the shares of FN in report on Wednesday, December 16 with “Buy” rating. The company was maintained on Tuesday, November 8 by Stifel Nicolaus. The stock of Fabrinet (NYSE:FN) has “Buy” rating given on Friday, October 27 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, November 3 by B. Riley & Co. The firm has “Overweight” rating given on Thursday, May 11 by Piper Jaffray. JP Morgan maintained the stock with “Overweight” rating in Tuesday, August 16 report. The stock of Fabrinet (NYSE:FN) has “Buy” rating given on Tuesday, February 2 by Needham.

Since August 24, 2017, it had 0 insider purchases, and 7 insider sales for $10.44 million activity. 50,000 Fabrinet (NYSE:FN) shares with value of $1.95M were sold by Gill Harpal. Shares for $47,970 were sold by Mitchell David T.. 22,500 shares were sold by Ng Toh-Seng, worth $877,568. 30,000 shares were sold by KELLY THOMAS F, worth $1.15 million on Tuesday, August 29.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.05, from 0.96 in 2017Q2. It is positive, as 36 investors sold FN shares while 55 reduced holdings. 33 funds opened positions while 59 raised stakes. 33.26 million shares or 0.15% more from 33.21 million shares in 2017Q2 were reported. Oppenheimer Asset has 0.02% invested in Fabrinet (NYSE:FN) for 25,287 shares. Fmr Limited Liability Com has 0.01% invested in Fabrinet (NYSE:FN) for 3.12 million shares. California State Teachers Retirement has 58,134 shares. Howe & Rusling holds 0.02% or 2,220 shares in its portfolio. Paradigm Capital Mngmt New York invested in 652,200 shares or 2.1% of the stock. Engineers Gate Manager Limited Partnership reported 49,270 shares. Verition Fund Management Limited Liability Company owns 15,222 shares. Ny State Common Retirement Fund has 40,500 shares for 0% of their portfolio. Spectrum Mngmt Grp reported 9 shares. Balyasny Asset Ltd owns 12,200 shares. Glenmede Trust Na invested 0% of its portfolio in Fabrinet (NYSE:FN). Financial Bank Of Montreal Can invested in 11,756 shares or 0% of the stock. New York-based Sg Americas Ltd Liability Co has invested 0% in Fabrinet (NYSE:FN). Principal Fincl Gru Inc accumulated 281,782 shares. Brandywine Investment Limited Liability holds 0.02% or 81,736 shares in its portfolio.

Tocqueville Asset Management Lp decreased Ingenico Group (INGIY) stake by 59,536 shares to 176,500 valued at $3.35 million in 2017Q3. It also reduced Intuit Com (NASDAQ:INTU) stake by 5,075 shares and now owns 69,553 shares. Pepsico Inc (NYSE:PEP) was reduced too.

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