Gotham Asset Management LLC Takes Position in Albany International Corporation (AIN)
Gotham Asset Management LLC bought a new position in shares of Albany International Corporation (NYSE:AIN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,772 shares of the textile maker’s stock, valued at approximately $542,000.
Several other large investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its stake in Albany International Corporation by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,490 shares of the textile maker’s stock worth $717,000 after buying an additional 820 shares during the period. State Street Corp raised its stake in Albany International Corporation by 7.7% in the fourth quarter. State Street Corp now owns 627,010 shares of the textile maker’s stock worth $29,034,000 after buying an additional 44,915 shares during the period. Bbva Compass Bancshares Inc. raised its stake in Albany International Corporation by 6.7% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,152 shares of the textile maker’s stock worth $283,000 after buying an additional 384 shares during the period. Alambic Investment Management L.P. raised its stake in Albany International Corporation by 11.2% in the first quarter. Alambic Investment Management L.P. now owns 27,298 shares of the textile maker’s stock worth $1,257,000 after buying an additional 2,748 shares during the period. Finally, Kennedy Capital Management Inc. raised its stake in Albany International Corporation by 6.7% in the first quarter. Kennedy Capital Management Inc. now owns 212,298 shares of the textile maker’s stock worth $9,776,000 after buying an additional 13,384 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.
Shares of Albany International Corporation (AIN) traded up 0.48% during midday trading on Friday, reaching $52.15. The company’s stock had a trading volume of 154,227 shares. The stock has a market capitalization of $1.68 billion, a P/E ratio of 41.06 and a beta of 1.72. Albany International Corporation has a 12 month low of $37.00 and a 12 month high of $55.15. The stock’s 50-day moving average is $53.15 and its 200 day moving average is $48.53.
Albany International Corporation (NYSE:AIN) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.36. The business had revenue of $215.57 million during the quarter. Albany International Corporation had a return on equity of 8.42% and a net margin of 4.98%. On average, analysts expect that Albany International Corporation will post $1.90 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Wednesday, June 7th were paid a $0.17 dividend. The ex-dividend date was Monday, June 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. Albany International Corporation’s payout ratio is presently 53.54%.
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Separately, BidaskClub upgraded Albany International Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st.
About Albany International Corporation
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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