Ownership Action to Note: Schmitt Industries Inc (NASDAQ:SMIT) Institutional Investors Sentiment Index Improved in 2016 Q2

November 21, 2016 - By kentuckypostne   ·   0 Comments

Ownership Action to Note: Schmitt Industries Inc (NASDAQ:SMIT) Institutional Investors Sentiment Index  Improved in  2016 Q2

Sentiment for Schmitt Industries Inc (NASDAQ:SMIT)

Schmitt Industries Inc (NASDAQ:SMIT) institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.17, from 1.33 in 2016Q1. The ratio has increased, as 4 institutional investors opened new or increased equity positions, while 3 sold and reduced their holdings in Schmitt Industries Inc. The institutional investors in our partner’s database now own: 803,079 shares, down from 1.59 million shares in 2016Q1. Also, the number of institutional investors holding Schmitt Industries Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 2 Increased: 2 New Position: 2.

Schmitt Industries, Inc. designs, manufactures and sells test and measurement products for two main business divisions: the Balancer segment and the Measurement segment. The company has a market cap of $5.59 million. The Firm operates through two divisions: the design and assembly of dynamic balancing systems and components for the machine tool industry , and the design and assembly of laser test and measurement systems (Measurement). It currently has negative earnings. For the Balancer segment, it designs, makes and sells computer-controlled vibration detection, balancing and process control systems for the machine tool industry.

About 900 shares traded hands. Schmitt Industries, Inc. (NASDAQ:SMIT) has declined 23.18% since April 19, 2016 and is downtrending. It has underperformed by 27.04% the S&P500.

According to Zacks Investment Research, “Schmitt Industries, Inc. designs, assembles and markets computer-controlled balancing equipment for use primarily by the machine tool industry. Through its wholly owned subsidiary, Schmitt Measurement Systems, Inc., a Montana corporation, the company designs, manufactures and markets precision laser measurement systems.”

Rodgers Brothers Inc. holds 0.33% of its portfolio in Schmitt Industries, Inc. for 432,450 shares. Grt Capital Partners L.L.C. owns 126,835 shares or 0.06% of their US portfolio. Moreover, Teton Advisors Inc. has 0.01% invested in the company for 78,000 shares. The California-based Blackrock Fund Advisors has invested 0% in the stock. California Public Employees Retirement System, a California-based fund reported 14,606 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 0 sales for $1,900 net activity.

SMIT Company Profile

Schmitt Industries, Inc., incorporated on December 7, 1993, designs, makes and sells test and measurement products for two main business divisions: the Balancer segment and the Measurement segment. The Firm operates through two divisions: the design and assembly of dynamic balancing systems and components for the machine tool industry (Balancer), and the design and assembly of laser test and measurement systems (Measurement). For the Balancer segment, the Company designs, makes and sells computer-controlled vibration detection, balancing and process control systems for the machine tool industry across the world, particularly for grinding machines. Under the Measurement segment, the Company, through its subsidiary, Schmitt Measurement Systems, Inc., designs, makes and sells laser and white light sensors for distance, dimensional and area measurement for a range of commercial applications, laser microroughness measurement products for the semiconductor wafer and hard disk drive industries and for other industrial applications, laser surface analysis and measurement products for a range of scientific applications, and ultrasonic measurement products that measure the fill levels of tanks holding propane, diesel and other tank liquids and transmit that data via satellite to a secure Website for display.

More important recent Schmitt Industries, Inc. (NASDAQ:SMIT) news were published by: Globenewswire.com which released: “Schmitt Industries, Inc. Announces the Listing of a Portion of Real Estate …” on August 03, 2016, also Globenewswire.com published article titled: “Schmitt Industries Announces Management Changes”, Globenewswire.com published: “Schmitt Industries Announces Annual Meeting Date” on July 18, 2016. More interesting news about Schmitt Industries, Inc. (NASDAQ:SMIT) was released by: Oregonlive.com and their article: “Portland’s Schmitt Industries names new CEO James Fitzhenry” with publication date: October 08, 2012.

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