November 21, 2016 - By Ruchi Gupta · 0 Comments
P&F Industries Inc (NASDAQ:PFIN) institutional sentiment increased to 2.5 in Q2 2016. Its up 0.83, from 1.67 in 2016Q1. The ratio has improved, as 5 hedge funds opened new or increased positions, while 3 cut down and sold their holdings in P&F Industries Inc. The hedge funds in our partner’s database now hold: 607,571 shares, down from 1.20 million shares in 2016Q1. Also, the number of hedge funds holding P&F Industries Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 3 Increased: 5 New Position: 0.
P&F Industries, Inc. conducts business through its subsidiaries. The company has a market cap of $25.36 million. The Firm operates through two divisions: tools and other products , and hardware and accessories (Hardware). It currently has negative earnings. It conducts Tools business through a subsidiary, Continental Tool Group, Inc. (Continental), which in turn operates through its subsidiaries, Florida Pneumatic Manufacturing Corporation (Florida Pneumatic) and Hy-Tech Machine, Inc. (Hy-Tech).
About 1,612 shares traded hands. P & F Industries, Inc. (NASDAQ:PFIN) has declined 24.62% since April 19, 2016 and is downtrending. It has underperformed by 28.48% the S&P500.
According to Zacks Investment Research, “P&F INDUSTRIES conducts their business operations through three wholly-owned subsidiaries. Embassy Industries, Inc. is engaged in the manufacture and sale of base board heating products and the importation and sale of radiant heating systems. Embassy also imports a line of door and window hardware items through its Franklin Hardware division. Florida Pneumatic Manufacturing Corporation is engaged in the importation, manufacture and sale of pneumatic hand tools, primarily for the industrial and retail markets, and the importation and sale of compressor air filters.”
Acadian Asset Management Llc holds 0% of its portfolio in P & F Industries, Inc. for 1,512 shares. Bank Of America Corp De owns 1,274 shares or 0% of their US portfolio. Moreover, Blackrock Fund Advisors has 0% invested in the company for 632 shares. The New Jersey-based Blackrock Investment Management Llc has invested 0% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 11,688 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 0 selling transactions for $233,867 net activity.
P&F Industries, Inc. (P&F), incorporated on April 19, 1963, conducts business through its subsidiaries. The Firm operates through two divisions: tools and other products (Tools), and hardware and accessories (Hardware).
More notable recent P & F Industries, Inc. (NASDAQ:PFIN) news were published by: Prnewswire.com which released: “P&F Industries Reports Results For The Three And Nine-Month Periods Ended …” on November 09, 2016, also Prnewswire.com with their article: “P&F Industries Reports The Sale Of Nationwide Industries, Inc.” published on February 12, 2016, Prnewswire.com published: “P&F Industries, Inc. Acquires Exhaust Technologies, Inc.” on July 02, 2014. More interesting news about P & F Industries, Inc. (NASDAQ:PFIN) were released by: Seekingalpha.com and their article: “P&F Industries: A Potentially Lucrative Microcap” published on January 12, 2016 as well as Prnewswire.com‘s news article titled: “P&F Industries, Inc. Acquires Air Tool Service Company” with publication date: August 14, 2014.
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By Ruchi Gupta