Investing
Activist Investor GAMCO Trims Position in Schmitt Industries (SMIT)
Published:
Last Updated:
Fintel reports that Gamco Investors, Inc. Et Al has filed a 13D/A form with the SEC disclosing ownership of 586,000 shares of Schmitt Industries, Inc. (SMIT). This represents 15.13% of the company.
In their previous filing dated August 27, 2020 they reported 610,000 shares and 16.15% of the company, a decrease in shares of 3.93% and a decrease in total ownership of 1.02% (calculated as current – previous percent ownership).
Schmitt Industries, Inc., founded in 1987, designs, manufactures and sells high precision test and measurement products, solutions and services through its Acuity® and Xact® product lines. Acuity provides laser and white light sensor distance measurement and dimensional sizing products, and our Xact line provides ultrasonic-based remote tank monitoring products and related monitoring revenues for markets in the Internet of Things environment.
What are other large shareholders doing?
Teton Advisors, Inc. holds 593,000 shares representing 15.31% ownership of the company. No change in the last quarter.
Bridgeway Capital Management Inc holds 61,502 shares representing 1.59% ownership of the company. No change in the last quarter.
Morgan Stanley holds 50,920 shares representing 1.32% ownership of the company. No change in the last quarter.
Advisor Group Holdings, Inc. holds 31,200 shares representing 0.81% ownership of the company. In it’s prior filing, the firm reported owning 27,300 shares, representing an increase of 12.50%. The firm decreased its portfolio allocation in SMIT by 35.55% over the last quarter.
Susquehanna International Group, Llp holds 21,657 shares representing 0.56% ownership of the company. In it’s prior filing, the firm reported owning 0 shares, representing an increase of 100.00%.
What is the overall institutional sentiment?
There are 15 funds or institutions reporting positions in Schmitt Industries, Inc.. This is an increase of 1 owner(s) or 7.14%.
Average portfolio weight of all funds dedicated to Schmitt Industries, Inc. is 0.0626%, a decrease of 22.5589%. Total shares owned by institutions increased in the last three months by 1.48% to 1,412,784 shares.
This article originally appeared on Fintel
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
