Haynes International, Inc. (NASDAQ:HAYN) Short Interest Update

Haynes International, Inc. (NASDAQ:HAYN) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 387,800 shares, a decrease of 38.4% from the September 15th total of 629,400 shares. Based on an average trading volume of 86,300 shares, the short-interest ratio is currently 4.5 days. Currently, 3.1% of the company’s stock are sold short.

Insiders Place Their Bets

In other Haynes International news, CFO Daniel W. Maudlin sold 6,744 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $59.66, for a total transaction of $402,347.04. Following the transaction, the chief financial officer now owns 30,287 shares in the company, valued at approximately $1,806,922.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its position in shares of Haynes International by 3.2% during the second quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock worth $2,347,000 after acquiring an additional 1,245 shares during the period. SG Americas Securities LLC purchased a new position in shares of Haynes International during the first quarter worth approximately $114,000. BNP Paribas Financial Markets increased its position in shares of Haynes International by 67.1% during the first quarter. BNP Paribas Financial Markets now owns 6,233 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 2,504 shares during the period. Bank of New York Mellon Corp increased its position in shares of Haynes International by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock worth $9,446,000 after acquiring an additional 4,153 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Haynes International by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 31,845 shares of the basic materials company’s stock worth $1,915,000 after acquiring an additional 4,605 shares during the period. Institutional investors own 97.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Haynes International in a report on Saturday. They set a “hold” rating on the stock.

Haynes International Trading Up 0.1 %

Shares of HAYN stock opened at $59.85 on Friday. Haynes International has a 52-week low of $41.15 and a 52-week high of $60.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.89 and a current ratio of 7.74. The firm has a market capitalization of $765.06 million, a PE ratio of 20.22, a PEG ratio of 0.66 and a beta of 1.39. The stock has a fifty day simple moving average of $59.58 and a two-hundred day simple moving average of $59.46.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.33). The firm had revenue of $153.92 million for the quarter, compared to analysts’ expectations of $159.35 million. Haynes International had a net margin of 6.11% and a return on equity of 8.45%. On average, analysts predict that Haynes International will post 2.55 EPS for the current fiscal year.

Haynes International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, August 30th. Haynes International’s payout ratio is 29.73%.

About Haynes International

Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.