Synalloy Co. (SYNL) Insider Acquires $142,024.47 in Stock

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.

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Synalloy Company Profile

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.

Insider Buying and Selling by Quarter for Synalloy (NASDAQ:SYNL)

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