Nuveen Municipal Credit Income Fund (NZF) At $14.25 Forms Bottom; Kadant (KAI) Has 1.1 Sentiment

Kadant Inc. (NYSE:KAI) Logo

Kadant Inc (KAI) investors sentiment decreased to 1.1 in 2017 Q4. It’s down -0.28, from 1.38 in 2017Q3. The ratio worsened, as 75 investment professionals increased and opened new equity positions, while 68 sold and decreased holdings in Kadant Inc. The investment professionals in our database reported: 9.20 million shares, up from 9.19 million shares in 2017Q3. Also, the number of investment professionals holding Kadant Inc in top ten equity positions increased from 1 to 2 for an increase of 1. Sold All: 14 Reduced: 54 Increased: 40 New Position: 35.

Nuveen Municipal Credit Income Fund (NZF) formed multiple bottom with $13.68 target or 4.00% below today’s $14.25 share price. Nuveen Municipal Credit Income Fund (NZF) has $2.03B valuation. It closed at $14.25 lastly. It is up 1.75% since May 18, 2017 and is downtrending. It has underperformed by 13.30% the S&P500.

Phocas Financial Corp. holds 1.38% of its portfolio in Kadant Inc. for 164,234 shares. Alphaone Investment Services Llc owns 45,030 shares or 1.36% of their US portfolio. Moreover, Clean Yield Group has 1.03% invested in the company for 25,861 shares. The Connecticut-based Pier Capital Llc has invested 1.02% in the stock. Cortina Asset Management Llc, a Wisconsin-based fund reported 187,004 shares.

More notable recent Kadant Inc. (NYSE:KAI) news were published by: Globenewswire.com which released: “Kadant Declares Cash Dividend” on May 16, 2018, also Globenewswire.com with their article: “Kadant Reports 2018 First Quarter Results” published on April 30, 2018, Seekingalpha.com published: “Kadant Inc. 2018 Q1 – Results – Earnings Call Slides” on May 01, 2018. More interesting news about Kadant Inc. (NYSE:KAI) were released by: Globenewswire.com and their article: “Kadant Authorizes Share Repurchase” published on April 28, 2018 as well as Seekingalpha.com‘s news article titled: “Kadant’s (KAI) CEO Jon Painter on Q1 2018 Results – Earnings Call Transcript” with publication date: May 01, 2018.

Kadant Inc. supplies equipment and components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company has market cap of $1.08 billion. The firm operates in two divisions, Papermaking Systems and Wood Processing Systems. It has a 35.42 P/E ratio. The Papermaking Systems segment develops, makes, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, and related equipment used in the processing of recyclable and waste materials; and fluid-handling systems used primarily in the dryer section of the papermaking process and during the production of corrugated boxboard, metals, plastics, rubber, textiles, chemicals, and food.

Analysts await Kadant Inc. (NYSE:KAI) to report earnings on August, 7. They expect $1.00 EPS, down 3.85% or $0.04 from last year’s $1.04 per share. KAI’s profit will be $11.09M for 24.35 P/E if the $1.00 EPS becomes a reality. After $1.07 actual EPS reported by Kadant Inc. for the previous quarter, Wall Street now forecasts -6.54% negative EPS growth.

The stock increased 2.26% or $2.15 during the last trading session, reaching $97.4. About 60,112 shares traded or 12.39% up from the average. Kadant Inc. (KAI) has risen 62.56% since May 18, 2017 and is uptrending. It has outperformed by 51.01% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 6 insider sales for $2.34 million activity.

Kadant Inc. (NYSE:KAI) Institutional Positions Chart