AdvisorShares Investments LLC Makes New Investment in Albany International Corporation $AIN

AdvisorShares Investments LLC bought a new position in shares of Albany International Corporation (NYSE:AIN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,400 shares of the textile maker’s stock, valued at approximately $477,000.

Several other hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in shares of Albany International by 7.5% during the 1st quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker’s stock worth $1,076,000 after acquiring an additional 1,085 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Albany International by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker’s stock worth $1,282,000 after acquiring an additional 807 shares in the last quarter. Millennium Management LLC grew its stake in shares of Albany International by 464.4% during the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker’s stock worth $6,347,000 after acquiring an additional 75,644 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Albany International by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker’s stock worth $4,087,000 after acquiring an additional 3,559 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Albany International during the 1st quarter worth approximately $7,468,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Albany International Trading Up 0.0%

AIN stock opened at $64.68 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.20 and a quick ratio of 1.88. The company has a fifty day moving average price of $57.40 and a two-hundred day moving average price of $54.79. Albany International Corporation has a one year low of $41.15 and a one year high of $73.00. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -31.70, a price-to-earnings-growth ratio of 2.65 and a beta of 1.18.

Albany International (NYSE:AIN) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The firm had revenue of $311.33 million during the quarter, compared to analysts’ expectations of $281.00 million. During the same period in the previous year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Albany International has set its Q2 2026 guidance at 0.700-0.800 EPS. Equities analysts anticipate that Albany International Corporation will post 2.91 EPS for the current year.

Albany International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 5th will be paid a $0.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 1.7%. Albany International’s payout ratio is -54.90%.

Analyst Ratings Changes

AIN has been the subject of several research reports. Zacks Research raised shares of Albany International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen raised shares of Albany International from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Albany International in a research note on Friday, March 27th. Finally, Truist Financial raised shares of Albany International to a “hold” rating in a research note on Thursday, May 21st. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $61.50.

Albany International Profile

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.