Synalloy Co. (NASDAQ:SYNL) Insider Acquires $148,254.22 in Stock

Synalloy Co. (NASDAQ:SYNL) insider Privet Fund Management Llc acquired 14,737 shares of the firm’s stock in a transaction on Tuesday, June 8th. The shares were bought at an average cost of $10.06 per share, for a total transaction of $148,254.22. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Privet Fund Management Llc also recently made the following trade(s):

  • On Thursday, June 10th, Privet Fund Management Llc bought 15,000 shares of Synalloy stock. The stock was acquired at an average cost of $10.57 per share, for a total transaction of $158,550.00.

Shares of NASDAQ SYNL opened at $10.58 on Friday. The company has a market cap of $97.36 million, a price-to-earnings ratio of -3.85 and a beta of 0.55. The company has a quick ratio of 1.34, a current ratio of 3.77 and a debt-to-equity ratio of 0.77. Synalloy Co. has a 1 year low of $3.81 and a 1 year high of $10.74. The company has a 50-day simple moving average of $9.73.

Synalloy (NASDAQ:SYNL) last announced its quarterly earnings results on Monday, May 10th. The industrial products company reported $0.12 earnings per share for the quarter. The business had revenue of $69.78 million for the quarter. Synalloy had a negative net margin of 9.95% and a negative return on equity of 1.10%.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Synalloy by 0.7% in the 4th quarter. BlackRock Inc. now owns 178,717 shares of the industrial products company’s stock valued at $1,394,000 after acquiring an additional 1,287 shares during the period. Renaissance Technologies LLC raised its holdings in Synalloy by 25.1% during the 4th quarter. Renaissance Technologies LLC now owns 137,600 shares of the industrial products company’s stock worth $1,073,000 after buying an additional 27,600 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Synalloy by 43.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 80,305 shares of the industrial products company’s stock worth $626,000 after buying an additional 24,215 shares during the period. Morgan Stanley raised its holdings in Synalloy by 45.3% during the 1st quarter. Morgan Stanley now owns 10,913 shares of the industrial products company’s stock worth $96,000 after buying an additional 3,400 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Synalloy during the 1st quarter worth approximately $59,000. Institutional investors and hedge funds own 21.60% of the company’s stock.

Synalloy Company Profile

Synalloy Corporation manufactures and sells metals and specialty chemicals in the United States and internationally. The company's Metals segment offers stainless steel, galvanized, and other alloy pipes and tubes under the BRISMET trade name; liquid storage solutions and separation equipment; and ornamental stainless steel tubes under the ASTI trade name, as well as distributes seamless carbon pipes and tubes.

See Also: How Do Front-End Loads Impact an Investment?

Insider Buying and Selling by Quarter for Synalloy (NASDAQ:SYNL)

Receive News & Ratings for Synalloy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synalloy and related companies with MarketBeat.com's FREE daily email newsletter.