November 18, 2016 - By Peter Erickson · 0 Comments
The stock of Transcat Incorporated (NASDAQ:TRNS) registered a decrease of 53.76% in short interest. TRNS’s total short interest was 4,300 shares in November as published by FINRA. Its down 53.76% from 9,300 shares, reported previously. With 5,000 shares average volume, it will take short sellers 1 days to cover their TRNS’s short positions. The short interest to Transcat Incorporated’s float is 0.08%. The stock decreased 0.98% or $0.1 on November 17, hitting $10.15. Transcat, Inc. (NASDAQ:TRNS) has declined 13.76% since April 18, 2016 and is downtrending. It has underperformed by 18.19% the S&P500.
Transcat, Inc. is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The company has a market cap of $71.16 million. The Firm conducts its business through two divisions: service and distribution (Distribution). It has a 16.55 P/E ratio. Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak).
Insitutional Activity: The institutional sentiment decreased to 2 in 2016 Q2. Its down 0.33, from 2.33 in 2016Q1. The ratio fall, as 1 funds sold all Transcat, Inc. shares owned while 2 reduced positions. 1 funds bought stakes while 6 increased positions. They now own 2.60 million shares or 6.41% more from 2.44 million shares in 2016Q1.
Wells Fargo & Company Mn, a California-based fund reported 1,000 shares. Moreover, Qci Asset Management Ny has 0.04% invested in Transcat, Inc. (NASDAQ:TRNS) for 30,054 shares. Deutsche Natl Bank Ag last reported 0% of its portfolio in the stock. Punch & Assoc Inv Management Inc, a Minnesota-based fund reported 151,390 shares. Dalton Greiner Hartman Maher & has 196,081 shares for 0.12% of their US portfolio. The Illinois-based Ativo Management Ltd Llc has invested 0.17% in Transcat, Inc. (NASDAQ:TRNS). California Employees Retirement accumulated 18,404 shares or 0% of the stock. Heartland Advsrs, a Wisconsin-based fund reported 600,000 shares. Acadian Asset Mgmt Limited Company last reported 43 shares in the company. Tower Rech Ltd Liability Co (Trc), a New York-based fund reported 264 shares. Neuberger Berman Group Ltd accumulated 92,000 shares or 0% of the stock. Northern Trust Corp accumulated 0% or 14,777 shares. Grandeur Peak Glob Advsrs Ltd Liability Corp has 0.37% invested in the company for 180,543 shares. Blackrock Fund owns 16,138 shares or 0% of their US portfolio. Blackrock Investment Mgmt Llc has invested 0% of its portfolio in Transcat, Inc. (NASDAQ:TRNS).
Insider Transactions: Since May 20, 2016, the stock had 2 buys, and 8 insider sales for $263,198 net activity. 2,000 shares with value of $21,100 were sold by HADEED CHARLES P on Thursday, August 18. $14,430 worth of Transcat, Inc. (NASDAQ:TRNS) was bought by TSCHIDERER MICHAEL. On Wednesday, May 25 the insider SASSANO CARL E sold $85,360. Another trade for 2,000 shares valued at $20,400 was made by Flack Robert A. on Tuesday, November 1.
Transcat, Inc., incorporated on March 19, 1964, is a well-known provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Firm conducts its business through two divisions: service (Service) and distribution (Distribution). The Firm is focused on providing its services and products to the life science industries, which include pharmaceutical, biotechnology, medical device manufacturing and other Food and Drug Administration (FDA)-regulated businesses. The Firm also focuses on other industries, which include industrial manufacturing; energy and utility, including gas and oil; chemical manufacturing, and Federal Aviation Administration (FAA)-regulated business, including aerospace and defense and other industries. The Company’s subsidiaries include Transcat Canada Inc., United Scale & Engineering Corporation, WTT Real Estate Acquisition, LLC and Anacor Acquisition, LLC.
More notable recent Transcat, Inc. (NASDAQ:TRNS) news were published by: Globenewswire.com which released: “Transcat, Inc. to Present at 2016 Midwest IDEAS Investor Conference” on August 17, 2016, also Globenewswire.com with their article: “Transcat, Inc. to Present at Midwest Investment Conference 2016” published on June 13, 2016, Streetinsider.com published: “Transcat, Inc. (TRNS) Acquires Excalibur Engineering in $7.35M Deal” on April 01, 2016. More interesting news about Transcat, Inc. (NASDAQ:TRNS) were released by: Globenewswire.com and their article: “Transcat, Inc. to Present at 2016 Southwest IDEAS Investor Conference” published on October 25, 2016 as well as Democratandchronicle.com‘s news article titled: “Transcat acquires Excalibur Engineering” with publication date: April 11, 2016.
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By Peter Erickson