Traders Purchase High Volume of Put Options on Lydall (NYSE:LDL)

Lydall, Inc. (NYSE:LDL) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 435 put options on the company. This represents an increase of 770% compared to the average daily volume of 50 put options.

A number of institutional investors and hedge funds have recently made changes to their positions in LDL. Cooper Creek Partners Management LLC purchased a new stake in Lydall in the fourth quarter worth about $3,844,000. Juniper Investment Company LLC raised its position in shares of Lydall by 48.2% during the 1st quarter. Juniper Investment Company LLC now owns 524,536 shares of the auto parts company’s stock valued at $3,389,000 after purchasing an additional 170,654 shares during the period. AQR Capital Management LLC raised its position in shares of Lydall by 268.2% during the 4th quarter. AQR Capital Management LLC now owns 206,195 shares of the auto parts company’s stock valued at $4,231,000 after purchasing an additional 150,195 shares during the period. Bank of Montreal Can raised its position in shares of Lydall by 198.4% during the 4th quarter. Bank of Montreal Can now owns 216,083 shares of the auto parts company’s stock valued at $4,434,000 after purchasing an additional 143,658 shares during the period. Finally, Grace & White Inc. NY raised its position in shares of Lydall by 49.8% during the 1st quarter. Grace & White Inc. NY now owns 365,901 shares of the auto parts company’s stock valued at $2,364,000 after purchasing an additional 121,625 shares during the period. Institutional investors and hedge funds own 88.46% of the company’s stock.

LDL has been the subject of a number of recent analyst reports. TheStreet lowered shares of Lydall from a “c-” rating to a “d” rating in a research report on Tuesday, March 10th. ValuEngine cut shares of Lydall from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Sidoti boosted their price target on shares of Lydall from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th.

Shares of NYSE LDL opened at $12.88 on Wednesday. Lydall has a 1 year low of $4.79 and a 1 year high of $26.99. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.19 and a quick ratio of 1.64. The company’s 50-day moving average is $12.62 and its 200 day moving average is $14.53. The stock has a market capitalization of $227.91 million, a P/E ratio of 20.44 and a beta of 2.87.

Lydall (NYSE:LDL) last announced its quarterly earnings data on Monday, May 11th. The auto parts company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.34. The business had revenue of $200.53 million for the quarter. Lydall had a negative net margin of 15.96% and a positive return on equity of 3.23%.

Lydall Company Profile

Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.

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