Diamond A. Partners, L.P. Buys 9,331 Shares of P&F Industries Inc. (PFIN) Stock
P&F Industries Inc. (NASDAQ:PFIN) major shareholder Diamond A. Partners, L.P. acquired 9,331 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average price of $6.78 per share, for a total transaction of $63,264.18. Following the completion of the purchase, the insider now owns 407,157 shares of the company’s stock, valued at approximately $2,760,524.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
P&F Industries Inc. (NASDAQ:PFIN) opened at 7.04 on Friday. P&F Industries Inc. has a 1-year low of $6.69 and a 1-year high of $11.85. The company has a market capitalization of $25.32 million, a P/E ratio of 3.03 and a beta of 0.42. The stock’s 50 day moving average is $7.98 and its 200-day moving average is $8.70.
P&F Industries (NASDAQ:PFIN) last released its quarterly earnings results on Friday, August 12th. The company reported ($1.49) earnings per share (EPS) for the quarter. The company earned $15.64 million during the quarter, compared to analysts’ expectations of $16.06 million. P&F Industries had a net margin of 11.60% and a return on equity of 0.44%.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 8th. Stockholders of record on Friday, October 28th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Wednesday, October 26th. P&F Industries’s dividend payout ratio (DPR) is 10.87%.
Separately, TheStreet downgraded shares of P&F Industries from a “buy” rating to a “hold” rating in a research note on Friday, August 12th.
About P&F Industries
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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