<div id="readability-page-1"><p>Canal Capital Management LLC decreased its holdings in  Insteel Industries, Inc. (NASDAQ:IIIN - Free Report) by 63.6% in the second quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The firm owned 23,084 shares of the industrial products company's stock after selling 40,250 shares during the period. Canal Capital Management LLC owned 0.12% of Insteel Industries worth $859,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Insteel Industries</strong> alerts:</span></p></div><p>Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC bought a new position in  Insteel Industries in the 2nd quarter worth approximately $60,000.  BNP Paribas Financial Markets lifted its holdings in shares of  Insteel Industries by 74.3% in the second quarter. BNP Paribas Financial Markets now owns 2,248 shares of the industrial products company's stock worth $84,000 after buying an additional 958 shares in the last quarter.  Smartleaf Asset Management LLC boosted its position in shares of  Insteel Industries by 30.2% during the second quarter. Smartleaf Asset Management LLC now owns 2,516 shares of the industrial products company's stock worth $95,000 after acquiring an additional 583 shares during the last quarter.  Tower Research Capital LLC TRC grew its stake in  Insteel Industries by 372.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,283 shares of the industrial products company's stock valued at $122,000 after acquiring an additional 2,588 shares in the last quarter.  Finally, Police &amp; Firemen s Retirement System of New Jersey increased its holdings in  Insteel Industries by 24.3% in the 2nd quarter. Police &amp; Firemen s Retirement System of New Jersey now owns 4,715 shares of the industrial products company's stock valued at $175,000 after acquiring an additional 922 shares during the last quarter. Institutional investors own  83.27% of the company's stock. </p><h2>Insteel Industries Stock Down 1.1%</h2><p>IIIN opened at $32.85 on Monday. The company has a market capitalization of $637.89 million, a PE ratio of 33.19, a price-to-earnings-growth ratio of 1.81 and a beta of 0.80. The firm has a 50-day simple moving average of $32.31 and a two-hundred day simple moving average of $35.53. Insteel Industries, Inc. has a 52 week low of $22.49 and a 52 week high of $41.64. </p><p>Insteel Industries (NASDAQ:IIIN - Get Free Report) last issued its earnings results on Thursday, October 16th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.05). Insteel Industries had a return on equity of 5.91% and a net margin of 3.58%.During the same period in the prior year, the firm earned $0.24 earnings per share. The firm's revenue was up 32.0% on a year-over-year basis.  As a group, sell-side analysts expect that  Insteel Industries, Inc. will post 1.38 earnings per share for the current year. </p><h2>Insteel Industries Dividend Announcement</h2><p>The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend was Friday, November 28th. Insteel Industries's dividend payout ratio  is 5.71%. </p><h2>About Insteel Industries</h2> (Free Report)<p>Insteel Industries, Inc, together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Insteel Industries</li><li>Investing in Construction Stocks</li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li><li>What Are Trending Stocks? Trending Stocks Explained</li><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li><li>Manufacturing Stocks Investing</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SUlJTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SUlJTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Insteel Industries Right Now?</h2><p>Before you consider Insteel Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Insteel Industries wasn't on the list.</p><p>While Insteel Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

IIIN

<p>Canal Capital Management LLC reduced its stake in Insteel Industries by 63.6% in Q2, selling 40,250 shares. Insteel's stock opened at $32.85, down 1.1%. The company reported Q3 EPS of $0.74, missing estimates. Institutional investors own 83.27% of the stock. Insteel announced a quarterly dividend of $1.00 per share, with a yield of 12.2%. The stock has a 52-week range of $22.49-$41.64.</p>

Canal Capital Management LLC Sells 40,250 Shares of Insteel Industries, Inc. $IIIN