P & F Industries, Inc. (NASDAQ:PFIN) Director Howard Brod Brownstein acquired 8,300 shares of P & F Industries stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $5.99 per share, for a total transaction of $49,717.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
P & F Industries, Inc. (NASDAQ PFIN) traded up 0.9651% during midday trading on Friday, hitting $6.2036. 6,434 shares of the stock were exchanged. The stock’s market cap is $22.45 million. The company’s 50 day moving average is $5.99 and its 200-day moving average is $6.89. P & F Industries, Inc. has a 1-year low of $5.60 and a 1-year high of $9.49.
P & F Industries declared that its Board of Directors has approved a stock repurchase program on Thursday, August 10th that permits the company to repurchase 100,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 21st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, August 17th.
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An institutional investor recently raised its position in P & F Industries stock. Vanguard Group Inc. boosted its stake in P & F Industries, Inc. (NASDAQ:PFIN) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,257 shares of the company’s stock after buying an additional 645 shares during the period. Vanguard Group Inc. owned about 0.67% of P & F Industries worth $148,000 at the end of the most recent reporting period. Institutional investors own 16.85% of the company’s stock.
P & F Industries Company Profile
P&F Industries, Inc conducts business through its subsidiaries. The Company operates through two segments: tools and other products (Tools), and hardware and accessories (Hardware). It conducts Tools business through a subsidiary, Continental Tool Group, Inc (Continental), which in turn operates through its subsidiaries, Florida Pneumatic Manufacturing Corporation (Florida Pneumatic) and Hy-Tech Machine, Inc (Hy-Tech).
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