Dimensional Fund Advisors LP cut its position in shares of Synalloy Corporation (NASDAQ:SYNL) by 0.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 389,074 shares of the industrial products company’s stock after selling 2,834 shares during the period. Dimensional Fund Advisors LP owned about 4.48% of Synalloy Corporation worth $4,766,000 as of its most recent SEC filing.
Separately, Deprince Race & Zollo Inc. boosted its position in shares of Synalloy Corporation by 0.4% in the first quarter. Deprince Race & Zollo Inc. now owns 482,186 shares of the industrial products company’s stock worth $5,907,000 after buying an additional 1,888 shares during the period. Institutional investors and hedge funds own 47.58% of the company’s stock.
Shares of Synalloy Corporation (SYNL) traded down 0.44% on Monday, hitting $11.30. 7,681 shares of the company were exchanged. Synalloy Corporation has a 52-week low of $6.90 and a 52-week high of $13.75. The firm’s market cap is $98.49 million. The company has a 50-day moving average price of $11.06 and a 200 day moving average price of $11.57.
Synalloy Corporation (NASDAQ:SYNL) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $51.51 million during the quarter. Synalloy Corporation had a positive return on equity of 0.64% and a negative net margin of 1.54%. Analysts predict that Synalloy Corporation will post $0.05 EPS for the current fiscal year.
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In related news, CEO Craig C. Bram bought 2,811 shares of Synalloy Corporation stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $11.10 per share, for a total transaction of $31,202.10. Following the acquisition, the chief executive officer now owns 178,013 shares in the company, valued at $1,975,944.30. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Craig C. Bram bought 7,061 shares of Synalloy Corporation stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $10.84 per share, with a total value of $76,541.24. Following the completion of the acquisition, the chief executive officer now owns 177,802 shares in the company, valued at approximately $1,927,373.68. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 31,060 shares of company stock valued at $343,125. 10.60% of the stock is owned by corporate insiders.
Synalloy Corporation 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.
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