Lydall, Inc. (NYSE:LDL) shares were up 3.3% on Wednesday . The company traded as high as $24.76 and last traded at $25.35, approximately 2,027 shares were traded during mid-day trading. A decline of 98% from the average daily volume of 85,842 shares. The stock had previously closed at $24.55.

The company has a quick ratio of 1.73, a current ratio of 2.40 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $430.36 million, a PE ratio of 13.26 and a beta of 1.93. The business’s 50 day simple moving average is $20.60 and its 200 day simple moving average is $21.93.

Lydall (NYSE:LDL) last released its earnings results on Tuesday, July 30th. The auto parts company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Lydall had a net margin of 1.23% and a return on equity of 8.04%. The business had revenue of $220.80 million for the quarter, compared to the consensus estimate of $226.97 million. During the same period last year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was up 59.5% compared to the same quarter last year.

In other Lydall news, insider Joseph A. Abbruzzi sold 3,362 shares of Lydall stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $19.77, for a total transaction of $66,466.74. Following the transaction, the insider now directly owns 47,020 shares in the company, valued at approximately $929,585.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.85% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Lydall in the second quarter worth approximately $249,000. Royce & Associates LP boosted its position in shares of Lydall by 153.2% in the first quarter. Royce & Associates LP now owns 304,728 shares of the auto parts company’s stock valued at $7,149,000 after acquiring an additional 184,400 shares during the period. Westwood Holdings Group Inc. grew its position in Lydall by 20.5% in the 1st quarter. Westwood Holdings Group Inc. now owns 684,380 shares of the auto parts company’s stock worth $16,056,000 after purchasing an additional 116,369 shares during the last quarter. Comerica Bank increased its stake in Lydall by 12.7% during the first quarter. Comerica Bank now owns 19,082 shares of the auto parts company’s stock valued at $489,000 after acquiring an additional 2,149 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in Lydall by 501.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,522 shares of the auto parts company’s stock worth $83,000 after purchasing an additional 2,936 shares during the period. Institutional investors own 88.09% of the company’s stock.

About Lydall (NYSE:LDL)

Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.

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