Shorts On Watch: Is Buying Brady Corporation (NYSE:BRC), Having Higher Short Interest a Winning Strategy?

November 28, 2016 - By Vivian Park   ·   0 Comments

Shorts On Watch: Is Buying Brady Corporation (NYSE:BRC), Having Higher Short Interest a Winning Strategy?

The stock of Brady Corporation (NYSE:BRC) registered an increase of 18.04% in short interest. BRC’s total short interest was 937,000 shares in November as published by FINRA. Its up 18.04% from 793,800 shares, reported previously. With 163,200 shares average volume, it will take short sellers 6 days to cover their BRC’s short positions. The short interest to Brady Corporation’s float is 2.02%. The stock closed at $37.9 during the last session. It is down 42.48% since April 25, 2016 and is uptrending. It has outperformed by 36.47% the S&P500.

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The company has a market cap of $1.93 billion. The Firm has two divisions: Identification Solutions and Workplace Safety (WPS). It has a 23.19 P/E ratio. The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.

Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.35, from 0.9 in 2016Q1. The ratio increased, as 18 funds sold all Brady Corp shares owned while 53 reduced positions. 12 funds bought stakes while 52 increased positions. They now own 37.04 million shares or 5.74% less from 39.29 million shares in 2016Q1.
Edge Wealth Mngmt Limited Liability Corporation has invested 0% of its portfolio in Brady Corp (NYSE:BRC). California Employees Retirement System reported 199,400 shares or 0.01% of all its holdings. Gotham Asset Mgmt Lc owns 17,519 shares or 0.01% of their US portfolio. Moreover, Price T Rowe Assoc Incorporated Md has 0.01% invested in Brady Corp (NYSE:BRC) for 1.85 million shares. Ariel Invs Ltd holds 1.6% of its portfolio in Brady Corp (NYSE:BRC) for 4.18 million shares. The New York-based Renaissance Tech has invested 0.06% in Brady Corp (NYSE:BRC). Smith Asset Grp Inc Lp accumulated 49,550 shares or 0.05% of the stock. State Of Tennessee Treasury Department holds 0.01% or 38,098 shares in its portfolio. The New York-based Art Advisors Lc has invested 0.07% in Brady Corp (NYSE:BRC). Teacher Retirement Of Texas holds 0% or 6,576 shares in its portfolio. Chicago Equity Prns Llc accumulated 0.03% or 38,520 shares. Kbc Group Nv accumulated 16,878 shares or 0.01% of the stock. Franklin Resources has 0.04% invested in the company for 2.48 million shares. Comerica Bank holds 46,682 shares or 0.01% of its portfolio. Manufacturers Life Insur Co The last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 7 insider sales for $1.84 million net activity. On Thursday, June 9 Meyer Paul sold $319,323 worth of the stock or 9,851 shares. Shares for $95,567 were sold by HARRIS FRANK W on Tuesday, May 31. Another trade for 8,099 shares valued at $307,762 was made by Felmer Thomas J on Tuesday, November 22. Curran Bentley sold $221,388 worth of stock or 6,378 shares.

Brady Corp (NYSE:BRC) Ratings Coverage

Out of 4 analysts covering Brady Corporation (NYSE:BRC), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Brady Corporation has been the topic of 9 analyst reports since September 11, 2015 according to StockzIntelligence Inc. As per Tuesday, September 15, the company rating was downgraded by Bank of America. As per Friday, September 11, the company rating was downgraded by Bank of America. SunTrust upgraded the stock to “Neutral” rating in Tuesday, September 13 report. The stock of Brady Corp (NYSE:BRC) earned “Reduce” rating by SunTrust on Tuesday, November 3. The stock has “Reduce” rating given by Suntrust Robinson on Tuesday, November 3. The stock of Brady Corp (NYSE:BRC) earned “Underperform” rating by Bank of America on Thursday, September 17.

BRC Company Profile

Brady Corporation, incorporated on November 7, 1939, is a maker and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Firm has two divisions: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.

More news for Brady Corp (NYSE:BRC) were recently published by: Biztimes.com, which released: “Brady Corp. improves profits on lower revenue” on May 19, 2016. Seekingalpha.com‘s article titled: “Brady Corporation’s (BRC) CEO Michael Nauman on Q1 2017 Results – Earnings …” and published on November 16, 2016 is yet another important article.

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By Vivian Park


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