BlueLinx Holdings Inc. (NYSE:BXC) CAO Shyam K. Reddy purchased 3,500 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $8.57 per share, with a total value of $29,995.00. Following the completion of the acquisition, the chief accounting officer now directly owns 10,164 shares of the company’s stock, valued at approximately $87,105.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of BlueLinx Holdings Inc. (NYSE:BXC) traded up $0.34 during trading hours on Wednesday, reaching $9.04. The company’s stock had a trading volume of 161,900 shares, compared to its average volume of 48,930. The firm has a market capitalization of $79.15, a P/E ratio of 7.25 and a beta of 2.24. BlueLinx Holdings Inc. has a one year low of $6.36 and a one year high of $11.78. The company has a debt-to-equity ratio of -13.52, a current ratio of 2.06 and a quick ratio of 1.02.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Feinberg Stephen purchased a new stake in shares of BlueLinx Holdings during the second quarter worth approximately $51,569,000. Dimensional Fund Advisors LP increased its position in shares of BlueLinx Holdings by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 131,208 shares of the construction company’s stock worth $1,355,000 after purchasing an additional 6,224 shares in the last quarter. Weber Alan W increased its position in shares of BlueLinx Holdings by 45.4% during the second quarter. Weber Alan W now owns 84,779 shares of the construction company’s stock worth $927,000 after purchasing an additional 26,480 shares in the last quarter. Algert Global LLC purchased a new stake in shares of BlueLinx Holdings during the second quarter worth approximately $364,000. Finally, Spark Investment Management LLC increased its position in shares of BlueLinx Holdings by 38.7% during the second quarter. Spark Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $180,000 after purchasing an additional 4,600 shares in the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

A number of research analysts have issued reports on the company. ValuEngine downgraded BlueLinx Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. TheStreet raised BlueLinx Holdings from a “d” rating to a “c” rating in a report on Wednesday, October 11th.

About BlueLinx Holdings

BlueLinx Holdings, Inc is a distributor of building products in North America. The Company operates its distribution business through a network of approximately 40 distribution centers. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.

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