Insider Buying: P&F Industries Inc. (PFIN) Major Shareholder Acquires $122,804.73 in Stock
P&F Industries Inc. (NASDAQ:PFIN) major shareholder Lawndale Capital Management Ll purchased 18,033 shares of P&F Industries stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average cost of $6.81 per share, with a total value of $122,804.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of P&F Industries Inc. (NASDAQ:PFIN) opened at 7.04 on Monday. The stock has a 50 day moving average price of $7.94 and a 200-day moving average price of $8.68. P&F Industries Inc. has a 52-week low of $6.69 and a 52-week high of $11.85. The firm has a market capitalization of $23.22 million, a PE ratio of 3.50 and a beta of 0.42.
P&F Industries (NASDAQ:PFIN) last posted its quarterly earnings data on Friday, August 12th. The company reported ($1.49) earnings per share for the quarter. P&F Industries had a return on equity of 0.44% and a net margin of 11.60%. The business earned $15.64 million during the quarter, compared to the consensus estimate of $16.06 million.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Friday, October 28th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Wednesday, October 26th. P&F Industries’s payout ratio is 10.87%.
Separately, TheStreet cut P&F Industries from a “buy” rating to a “hold” rating in a research report 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).
Receive News & Stock Ratings for P&F Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for P&F Industries Inc. and related stocks with our FREE daily email newsletter.