Truepoint Cut Its Franklin Street Pptys (FSP) Holding; P&F Industries (PFIN) Sentiment Is 0.67

May 23, 2018 - By Darrin Black

Franklin Street Properties Corp. (NYSEAMERICAN:FSP) Logo

P&F Industries Inc (PFIN) investors sentiment decreased to 0.67 in Q4 2017. It’s down -0.33, from 1 in 2017Q3. The ratio is negative, as 2 active investment managers increased or opened new equity positions, while 3 cut down and sold stakes in P&F Industries Inc. The active investment managers in our database now own: 494,362 shares, up from 492,049 shares in 2017Q3. Also, the number of active investment managers holding P&F Industries Inc in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 2 Increased: 1 New Position: 1.

Truepoint Inc decreased Franklin Street Pptys Corp (FSP) stake by 90.58% reported in 2017Q4 SEC filing. Truepoint Inc sold 723,597 shares as Franklin Street Pptys Corp (FSP)’s stock declined 21.30%. The Truepoint Inc holds 75,218 shares with $808,000 value, down from 798,815 last quarter. Franklin Street Pptys Corp now has $848.20 million valuation. The stock increased 2.73% or $0.21 during the last trading session, reaching $7.91. About 65,876 shares traded. Franklin Street Properties Corp. (NYSEMKT:FSP) has declined 29.51% since May 23, 2017 and is downtrending. It has underperformed by 41.06% the S&P500.

Bank Of America Corp De holds 0% of its portfolio in P&F Industries, Inc. for 190 shares. Blackrock Inc. owns 689 shares or 0% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0% invested in the company for 11,688 shares. The Germany-based Deutsche Bank Ag has invested 0% in the stock. Dimensional Fund Advisors Lp, a Texas-based fund reported 59,912 shares.

Another recent and important P&F Industries, Inc. (NASDAQ:PFIN) news was published by Seekingalpha.com which published an article titled: “P&F Industries’ (PFIN) CEO Richard Horowitz on Q1 2018 Results – Earnings Call Transcript” on May 12, 2018.

The stock decreased 1.82% or $0.1544 during the last trading session, reaching $8.3456. About 520 shares traded. P&F Industries, Inc. (PFIN) has declined 11.57% since May 23, 2017 and is downtrending. It has underperformed by 23.12% the S&P500.

P&F Industries, Inc., through its subsidiaries, makes and/or imports air-powered tools and accessories in the United States and internationally. The company has market cap of $29.92 million. The firm designs, imports, and sells pneumatic hand tools, including sanders, grinders, drills, saws, and impact wrenches under the Florida Pneumatic, Universal Tool, and AIRCAT or NITROCAT names through in-house sales personnel and manufacturersÂ’ representatives to retailers, distributors, and private label customers; and markets pipe and bolt dies, pipe taps, wrenches, vises and stands, pipe and tubing cutting equipment, hydrostatic test pumps, and replacement electrical components for various pipe cutting and threading machines through industrial distributors and contractors. It currently has negative earnings. It also makes and distributes industrial pneumatic tools, such as impact wrenches, grinders, drills, and motors under the ATP brand for refinery, chemical, power generation, heavy construction, oil, and mining companies; a line of pneumatic tool replacement parts to original equipment manufacturers ; high pressure stoppers for hydrostatic testing fabricated pipes under the Thaxton brand name; and a line of siphons under the Eureka name.

Among 4 analysts covering Franklin Street Properties (NYSEMKT:FSP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Franklin Street Properties had 9 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Monday, August 22 with “Market Perform”. As per Friday, July 29, the company rating was upgraded by Robert W. Baird. As per Monday, November 2, the company rating was maintained by Wunderlich. As per Tuesday, August 11, the company rating was downgraded by Robert W. Baird. The firm has “Market Perform” rating given on Thursday, September 10 by BMO Capital Markets. On Friday, September 8 the stock rating was initiated by Janney Capital with “Buy”. Robert W. Baird downgraded Franklin Street Properties Corp. (NYSEAMERICAN:FSP) rating on Thursday, May 4. Robert W. Baird has “Neutral” rating and $12 target.

Another recent and important Franklin Street Properties Corp. (NYSEAMERICAN:FSP) news was published by Seekingalpha.com which published an article titled: “Franklin Street Properties Corp’s (FSP) CEO George Carter on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018.

Analysts await Franklin Street Properties Corp. (NYSEAMERICAN:FSP) to report earnings on August, 7. They expect $0.24 earnings per share, down 11.11% or $0.03 from last year’s $0.27 per share. FSP’s profit will be $25.74M for 8.24 P/E if the $0.24 EPS becomes a reality. After $0.25 actual earnings per share reported by Franklin Street Properties Corp. for the previous quarter, Wall Street now forecasts -4.00% negative EPS growth.

P&F Industries, Inc. (NASDAQ:PFIN) Institutional Positions Chart

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