Huttig Building Products Target of Unusually Large Options Trading (NASDAQ:HBP)
Huttig Building Products, Inc. (NASDAQ:HBP) was the target of some unusual options trading activity on Tuesday. Investors bought 5,173 call options on the company. This represents an increase of approximately 5,233% compared to the typical volume of 97 call options.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Institutional & Family Asset Management LLC purchased a new position in Huttig Building Products during the 4th quarter worth $55,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Huttig Building Products during the fourth quarter worth about $163,000. Gabelli Funds LLC purchased a new position in Huttig Building Products during the fourth quarter worth about $187,000. Verition Fund Management LLC bought a new stake in Huttig Building Products in the 4th quarter worth about $240,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Huttig Building Products in the 4th quarter valued at about $258,000. 33.06% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ HBP traded up $0.93 during mid-day trading on Tuesday, reaching $5.12. 97,114 shares of the company’s stock traded hands, compared to its average volume of 71,694. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.99 and a quick ratio of 0.94. The business has a 50-day simple moving average of $3.86 and a 200 day simple moving average of $3.69. The stock has a market cap of $140.38 million, a P/E ratio of -11.90 and a beta of 2.53. Huttig Building Products has a 1-year low of $0.90 and a 1-year high of $4.60.
About Huttig Building Products
Huttig Building Products, Inc engages in the domestic distribution of millwork, building materials, and wood products. It offers its services to new residential construction and in-home improvement, remodeling, and repair work. The company was founded by William H. Huttig and Charles H. Huttig in 1885 and is headquartered in St.
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