Insteel Industries Inc (NASDAQ:IIIN), saw two of its insiders lower their positions in the company. Vice President Richard Wagner sold 2,125 shares at an average price of $20 per share, and now holds 68,735 shares directly in the company; while Vice President and Chief Financial Officer Michael C. Gazmarian disposed of 1,975 shares of common stock, also at an average price of $20 per share. Following this transaction Gazmarian still has 161,804 shares directly invested in the corporation.
Insteel Industries Inc (NASDAQ:IIIN) is a $374.56 million market cap company that is a manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products, including concrete pipe reinforcement (CPR), ESM and standard welded wire reinforcement (SWWR).
Moreover, The largest hedge fund involvement comes from Chuck Royce‘s Royce & Associates. After decreasing its activity by 1% last quarter, this fund holds 1,042,888 shares worth about $20.5 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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