Synalloy Co. (NASDAQ:SYNL) insider Privet Fund Management Llc acquired 11,087 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average cost of $12.81 per share, for a total transaction of $142,024.47. Following the purchase, the insider now directly owns 31,000 shares in the company, valued at $397,110. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Synalloy Co. (NASDAQ SYNL) traded down $0.05 during midday trading on Monday, hitting $12.70. 2,270 shares of the stock were exchanged, compared to its average volume of 6,309. The firm has a market cap of $111.29, a PE ratio of -98.08 and a beta of 0.16. Synalloy Co. has a twelve month low of $9.75 and a twelve month high of $15.30. The company has a quick ratio of 1.14, a current ratio of 3.18 and a debt-to-equity ratio of 0.30.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP grew its stake in shares of Synalloy by 26.6% during the 4th quarter. Royce & Associates LP now owns 913,509 shares of the industrial products company’s stock worth $12,241,000 after purchasing an additional 191,761 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Synalloy during the 4th quarter worth approximately $286,000. Wells Fargo & Company MN grew its stake in shares of Synalloy by 109.6% during the 4th quarter. Wells Fargo & Company MN now owns 8,598 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 4,495 shares during the period. Deprince Race & Zollo Inc. grew its stake in shares of Synalloy by 9.6% during the 4th quarter. Deprince Race & Zollo Inc. now owns 494,133 shares of the industrial products company’s stock worth $6,621,000 after purchasing an additional 43,402 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Synalloy by 4.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 391,904 shares of the industrial products company’s stock worth $4,899,000 after purchasing an additional 15,950 shares during the period. 48.72% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “Synalloy Co. (SYNL) Insider Acquires $142,024.47 in Stock” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/12/synalloy-co-synl-insider-acquires-142024-47-in-stock.html.
Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc, which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc (Specialty), located in Mineral Ridge, Ohio and Houston, Texas.
Receive News & Ratings for Synalloy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synalloy and related companies with MarketBeat.com's FREE daily email newsletter.