Synalloy Corporation (SYNL) CEO Craig C. Bram Acquires 2,000 Shares
Synalloy Corporation (NASDAQ:SYNL) CEO Craig C. Bram bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost of $10.99 per share, with a total value of $21,980.00. Following the transaction, the chief executive officer now directly owns 179,613 shares of the company’s stock, valued at $1,973,946.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Synalloy Corporation (SYNL) traded down 1.35% during midday trading on Tuesday, hitting $11.00. The stock had a trading volume of 19,476 shares. Synalloy Corporation has a 1-year low of $6.90 and a 1-year high of $13.75. The firm has a 50-day moving average price of $11.06 and a 200-day moving average price of $11.57. The firm’s market cap is $95.88 million.
Synalloy Corporation (NASDAQ:SYNL) last issued its earnings results on Tuesday, August 8th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $51.51 million for the quarter. Synalloy Corporation had a negative net margin of 1.54% and a positive return on equity of 0.64%. On average, equities analysts anticipate that Synalloy Corporation will post $0.05 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Royce & Associates LP raised its position in shares of Synalloy Corporation by 1.3% in the second quarter. Royce & Associates LP now owns 640,452 shares of the industrial products company’s stock worth $7,269,000 after buying an additional 8,119 shares during the period. Vanguard Group Inc. raised its position in shares of Synalloy Corporation by 2.3% in the second quarter. Vanguard Group Inc. now owns 299,609 shares of the industrial products company’s stock worth $3,400,000 after buying an additional 6,648 shares during the period. Finally, Deprince Race & Zollo Inc. raised 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. 47.58% of the stock is currently owned by institutional investors.
About Synalloy Corporation
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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