Insider Trade: Universal Stainless & Alloy Products, Inc. (USAP)’s Chairman – President & CEO Dennis Oates Invested in 1,059 shares; Shorts at Sanderson Farms (SAFM) Raised By 0.41%

Sanderson Farms Inc (NASDAQ:SAFM) had an increase of 0.41% in short interest. SAFM’s SI was 6.53M shares in February as released by FINRA. Its up 0.41% from 6.50M shares previously. With 459,500 avg volume, 14 days are for Sanderson Farms Inc (NASDAQ:SAFM)’s short sellers to cover SAFM’s short positions. The SI to Sanderson Farms Inc’s float is 34.75%. The stock increased 0.75% or $0.92 during the last trading session, reaching $124.16. About 765,942 shares traded or 30.54% up from the average. Sanderson Farms, Inc. (NASDAQ:SAFM) has risen 33.01% since February 28, 2017 and is uptrending. It has outperformed by 16.31% the S&P500.

Dennis Oates who is the acting Chairman – President & CEO of Universal Stainless & Alloy Products Inc not a long ago obtained 1,059 shares of the Pennsylvania-based company. The new insider trade has $25,000 U.S Dollars total value, at an average price-per-share of $23.6. Dennis Oates now has in hand 95,369 shares which are equivalent to about 1.31% of the Pennsylvania-based company’s market cap (share price times the number of shares outstanding). The date of trade was 27/02/2018, and it was disclosed in a SEC-filed report, which you can access here.

Sanderson Farms, Inc., an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company has market cap of $2.84 billion. The firm sells ice pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to clients who resell frozen chicken in the export markets. It has a 10.09 P/E ratio. The Company’s prepared chicken product line includes institutional and consumer packaged partially cooked or marinated chicken items for distributors and food service establishments.

Among 15 analysts covering Sanderson Farms Inc. (NASDAQ:SAFM), 4 have Buy rating, 4 Sell and 7 Hold. Therefore 27% are positive. Sanderson Farms Inc. had 39 analyst reports since August 26, 2015 according to SRatingsIntel. J.P. Morgan downgraded the shares of SAFM in report on Friday, October 6 to “Sell” rating. The rating was maintained by BMO Capital Markets with “Hold” on Monday, June 26. The stock has “Equal-Weight” rating by Barclays Capital on Friday, August 25. The firm has “Outperform” rating by CLSA given on Thursday, December 3. The firm earned “Hold” rating on Thursday, February 22 by Mizuho. The rating was upgraded by Credit Agricole on Thursday, December 3 to “Outperform”. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Monday, March 27 report. On Friday, May 27 the stock rating was downgraded by JP Morgan to “Neutral”. The stock has “Market Perform” rating by BMO Capital Markets on Friday, February 23. The rating was upgraded by DA Davidson on Monday, December 5 to “Buy”.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.07, from 0.94 in 2017Q2. It turned negative, as 45 investors sold Sanderson Farms, Inc. shares while 98 reduced holdings. 62 funds opened positions while 63 raised stakes. 21.94 million shares or 0.56% less from 22.07 million shares in 2017Q2 were reported. Parkside Savings Bank Tru reported 12 shares. New York-based Cipher Cap Ltd Partnership has invested 0.16% in Sanderson Farms, Inc. (NASDAQ:SAFM). Southernsun Asset Mgmt Ltd holds 1.61% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM) for 405,484 shares. Parametric Portfolio Assoc Ltd Company holds 0.02% or 103,221 shares. Grantham Mayo Van Otterloo Ltd Com, Massachusetts-based fund reported 2,500 shares. Dimensional Fund L P, Texas-based fund reported 1.48 million shares. Great West Life Assurance Can invested 0.01% in Sanderson Farms, Inc. (NASDAQ:SAFM). Deutsche Bank & Trust Ag holds 0.01% of its portfolio in Sanderson Farms, Inc. (NASDAQ:SAFM) for 100,416 shares. United Automobile Association reported 20,720 shares. Paragon Mgmt Limited stated it has 1,804 shares. Blackrock stated it has 2.09M shares. Barry Investment Advsr Limited reported 1,599 shares or 0.1% of all its holdings. Bessemer Grp reported 61,680 shares. Hanseatic Services Inc invested in 52 shares or 0.01% of the stock. Brandywine Invest Management Lc has invested 0.09% in Sanderson Farms, Inc. (NASDAQ:SAFM).

Among 3 analysts covering Universal Stainless & Alloy Products (NASDAQ:USAP), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Universal Stainless & Alloy Products had 5 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, October 12 by KeyBanc Capital Markets. CL King upgraded the shares of USAP in report on Wednesday, January 25 to “Buy” rating. The firm has “Hold” rating by Zacks given on Wednesday, August 5. The stock of Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) earned “Hold” rating by KeyBanc Capital Markets on Thursday, November 16. The company was initiated on Wednesday, January 11 by Rosenblatt.

The stock decreased 3.74% or $0.98 during the last trading session, reaching $25.25. About 19,389 shares traded. Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) has risen 53.02% since February 28, 2017 and is uptrending. It has outperformed by 36.32% the S&P500.

Universal Stainless & Alloy Products, Inc., together with its subsidiaries, makes and markets semi-finished and finished specialty steel products in the United States and internationally. The company has market cap of $183.31 million. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels. It has a 24.51 P/E ratio. The firm offers semi-finished and finished long products in the forms of ingots, blooms, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers , which are cold rolled from purchased coiled strip, flat bar, or extruded bar.