Apis Capital Advisors LLC Invests $6.41 Million in IES Holdings, Inc. (NASDAQ:IESC)

Apis Capital Advisors LLC acquired a new position in IES Holdings, Inc. (NASDAQ:IESC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,000 shares of the technology company’s stock, valued at approximately $6,409,000. IES makes up 4.7% of Apis Capital Advisors LLC’s investment portfolio, making the stock its 7th largest position. Apis Capital Advisors LLC owned 0.23% of IES at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of IESC. SG Americas Securities LLC bought a new position in shares of IES during the 2nd quarter valued at approximately $3,328,000. Breach Inlet Capital Management LLC bought a new position in shares of IES in the fourth quarter worth approximately $10,239,000. BNP Paribas Financial Markets boosted its position in shares of IES by 31.1% in the first quarter. BNP Paribas Financial Markets now owns 20,727 shares of the technology company’s stock worth $2,521,000 after purchasing an additional 4,913 shares during the period. Truvestments Capital LLC purchased a new stake in shares of IES in the first quarter worth $499,000. Finally, Acadian Asset Management LLC raised its position in shares of IES by 1,863.1% during the 1st quarter. Acadian Asset Management LLC now owns 12,446 shares of the technology company’s stock valued at $1,512,000 after purchasing an additional 11,812 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Trading Up 0.1 %

NASDAQ:IESC opened at $183.90 on Monday. The stock has a 50-day moving average price of $162.17 and a 200 day moving average price of $144.92. The stock has a market capitalization of $3.72 billion, a P/E ratio of 27.74 and a beta of 1.38. IES Holdings, Inc. has a 12-month low of $59.75 and a 12-month high of $196.05.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, August 2nd. The technology company reported $2.67 earnings per share (EPS) for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%. The business had revenue of $768.40 million during the quarter.

Insider Activity at IES

In other IES news, Director David B. Gendell sold 10,000 shares of IES stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $187.26, for a total value of $1,872,600.00. Following the sale, the director now owns 127,976 shares of the company’s stock, valued at approximately $23,964,785.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the sale, the chief executive officer now owns 11,134,087 shares of the company’s stock, valued at $1,788,245,713.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David B. Gendell sold 10,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $187.26, for a total transaction of $1,872,600.00. Following the transaction, the director now owns 127,976 shares of the company’s stock, valued at approximately $23,964,785.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,966 shares of company stock valued at $26,003,099. Corporate insiders own 59.19% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.