Stock of The Day: Institutional Investor’s Pro-Span America Medical Systems Inc (NASDAQ:SPAN) Sentiment In Q2 2016

November 17, 2016 - By Linda Rogers   ·   0 Comments

Stock of The Day: Institutional Investor's Pro Span America Medical Systems Inc (NASDAQ:SPAN) Sentiment In  Q2 2016

Sentiment for Span America Medical Systems Inc (NASDAQ:SPAN)

Span America Medical Systems Inc (NASDAQ:SPAN) institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.20, from 1.3 in 2016Q1. The ratio is better, as 12 institutional investors opened new or increased positions, while 8 decreased and sold their positions in Span America Medical Systems Inc. The institutional investors in our partner’s database now own: 1.13 million shares, up from 1.11 million shares in 2016Q1. Also, the number of institutional investors holding Span America Medical Systems Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 3 Increased: 12 New Position: 0.

SpanAmerica Medical Systems, Inc. makes therapeutic support surfaces, medical bed frames, patient positioners, mattress overlays and wheelchair cushions for the medical market. The company has a market cap of $54.08 million. The Firm also makes foam mattress pads and pillows for the consumer bedding market, as well as a range of foam products for the industrial market. It has a 12.85 P/E ratio. The Firm operates in two business divisions: medical and custom products.

About 1,117 shares traded hands. Span-America Medical Systems, Inc. (NASDAQ:SPAN) has risen 5.36% since April 15, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

According to Zacks Investment Research, “SPAN-AMERICA MEDICAL SYS, INC. manufactures and distributes a variety of polyurethane foam products and contract packaging products for the medical, consumer and industrial markets.”

Morgan Dempsey Capital Management Llc holds 0.81% of its portfolio in Span-America Medical Systems, Inc. for 134,513 shares. Ativo Capital Management Llc owns 39,801 shares or 0.17% of their US portfolio. Moreover, Willis Investment Counsel has 0.13% invested in the company for 85,387 shares. The Pennsylvania-based Wealthtrust Axiom Llc has invested 0.07% in the stock. Acadian Asset Management Llc, a Massachusetts-based fund reported 734 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 8 sales for $114,175 net activity.

SPAN Company Profile

SpanAmerica Medical Systems, Inc. (Span-America), incorporated on September 21, 1970, makes therapeutic support surfaces, medical bed frames, patient positioners, mattress overlays and wheelchair cushions for the medical market. The Firm also makes foam mattress pads and pillows for the consumer bedding market, as well as a range of foam products for the industrial market. The Firm operates in two business divisions: medical and custom products. In the medical segment, it makes and markets pressure management products, including Geo-Matt, PressureGuard, Geo-Mattress, Span-Aids, Custom Care and Isch-Dish products. In the custom products segment, it makes consumer mattress pads and pillows for the retail bedding market and various engineered foam products for the industrial market.

More notable recent Span-America Medical Systems, Inc. (NASDAQ:SPAN) news were published by: Prnewswire.com which released: “Span-America Medical Systems To Release Fourth Quarter Fiscal 2016 Results On …” on November 02, 2016, also Marketwatch.com with their article: “Span-America Medical Systems Inc.” published on October 25, 2010, Businesswire.com published: “Span-America Acquires MC Healthcare Products Inc.” on December 09, 2011. More interesting news about Span-America Medical Systems, Inc. (NASDAQ:SPAN) were released by: Businesswire.com and their article: “Span-America Names Linda D. Norman Vice-Chair of the Board of Directors” published on November 15, 2016 as well as Businesswire.com‘s news article titled: “Span-America Announces Distribution Agreement for Australia” with publication date: April 20, 2016.

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By Linda Rogers

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