A.M. Castle & Co. (CAS) Major Shareholder Stone House Capital Management Sells 347,609 Shares
A.M. Castle & Co. (NYSE:CAS) major shareholder Stone House Capital Management sold 347,609 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $0.47, for a total value of $163,376.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Stone House Capital Management also recently made the following trade(s):
- On Monday, November 14th, Stone House Capital Management sold 448,065 shares of A.M. Castle & Co. stock. The stock was sold at an average price of $0.52, for a total value of $232,993.80.
Shares of A.M. Castle & Co. (NYSE:CAS) traded down 0.95% on Friday, reaching $0.45. The company had a trading volume of 58,040 shares. A.M. Castle & Co. has a 12 month low of $0.43 and a 12 month high of $5.10. The company’s 50-day moving average is $0.58 and its 200 day moving average is $1.42. The firm’s market capitalization is $14.69 million.
A number of hedge funds have recently added to or reduced their stakes in CAS. Grace & White Inc. NY raised its stake in A.M. Castle & Co. by 13.3% in the third quarter. Grace & White Inc. NY now owns 838,522 shares of the company’s stock worth $671,000 after buying an additional 98,194 shares during the period. Bridgeway Capital Management Inc. raised its stake in A.M. Castle & Co. by 27.1% in the second quarter. Bridgeway Capital Management Inc. now owns 220,200 shares of the company’s stock worth $361,000 after buying an additional 47,000 shares during the period. Citadel Advisors LLC raised its stake in A.M. Castle & Co. by 828.1% in the second quarter. Citadel Advisors LLC now owns 604,603 shares of the company’s stock worth $992,000 after buying an additional 539,459 shares during the period. Osterweis Capital Management Inc. acquired a new stake in A.M. Castle & Co. during the second quarter worth about $3,960,000. Finally, Vanguard Group Inc. raised its stake in A.M. Castle & Co. by 1.5% in the second quarter. Vanguard Group Inc. now owns 727,468 shares of the company’s stock worth $1,193,000 after buying an additional 11,064 shares during the period. 62.08% of the stock is currently owned by hedge funds and other institutional investors.
A.M. Castle & Co. Company Profile
A. M. Castle & Co is a specialty metals distribution company. The Company operates through two segments: Metal and Plastics. In its Metals segment, the Company focuses on distributing engineered specialty grades and alloys of metals, as well as providing specialized processing services. Its products include alloy, aluminum, nickel, stainless steel, carbon and titanium.
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