Beddow Capital Management Inc. raised its holdings in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 609,057 shares of the textile maker’s stock after buying an additional 26,172 shares during the quarter. Tandy Leather Factory comprises 1.9% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 24th largest holding. Beddow Capital Management Inc. owned approximately 6.66% of Tandy Leather Factory worth $3,459,000 as of its most recent SEC filing.
Separately, Renaissance Technologies LLC acquired a new position in shares of Tandy Leather Factory during the second quarter worth approximately $149,000. Hedge funds and other institutional investors own 53.68% of the company’s stock.
Shares of NASDAQ TLF opened at $5.63 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.81 and a quick ratio of 3.16. The firm has a market capitalization of $51.72 million, a P/E ratio of 10.83 and a beta of 0.56. Tandy Leather Factory, Inc. has a one year low of $5.38 and a one year high of $8.40.
Separately, ValuEngine lowered Tandy Leather Factory from a “hold” rating to a “sell” rating in a report on Wednesday.
In related news, insider Mark J. Angus sold 13,316 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $6.87, for a total value of $91,480.92. Following the completion of the transaction, the insider now directly owns 30,484 shares in the company, valued at $209,425.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shannon L. Greene sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $6.34, for a total value of $158,500.00. Following the completion of the transaction, the insider now owns 146,394 shares of the company’s stock, valued at $928,137.96. The disclosure for this sale can be found here. Corporate insiders own 42.80% of the company’s stock.
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Tandy Leather Factory Company Profile
Tandy Leather Factory, Inc operates as a retailer and wholesale distributor of a range of leather and leathercraft related items. It operates through two segments, North America and International. The company offers leather, quality tools, hardware, accessories, liquids, lace, kits, open workbenches, and teaching materials.
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