Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells 4,550 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 4,550 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $8.34, for a total transaction of $37,947.00. Following the completion of the transaction, the insider directly owned 489,852 shares of the company’s stock, valued at approximately $4,085,365.68. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 5.8%

TG traded down $0.47 on Monday, hitting $7.51. The company’s stock had a trading volume of 111,741 shares, compared to its average volume of 168,415. The company’s 50 day simple moving average is $8.56 and its 200-day simple moving average is $8.22. The firm has a market cap of $262.83 million, a P/E ratio of 8.94 and a beta of 0.82. Tredegar Corporation has a 12 month low of $6.25 and a 12 month high of $10.53.

Tredegar (NYSE:TG) last released its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.15 EPS for the quarter. The company had revenue of $186.49 million during the quarter. Tredegar had a net margin of 3.89% and a return on equity of 12.91%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in Tredegar by 2,164.8% in the 1st quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 30,957 shares during the period. Quantinno Capital Management LP boosted its holdings in Tredegar by 29.0% in the 1st quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock valued at $785,000 after purchasing an additional 22,221 shares during the period. Renaissance Technologies LLC boosted its holdings in Tredegar by 33.2% in the 1st quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock valued at $1,553,000 after purchasing an additional 48,708 shares during the period. Teton Advisors LLC boosted its holdings in Tredegar by 2.7% in the 1st quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock valued at $898,000 after purchasing an additional 3,000 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in Tredegar by 1.9% in the 1st quarter. Gabelli Funds LLC now owns 1,237,000 shares of the basic materials company’s stock valued at $9,834,000 after purchasing an additional 23,000 shares during the period. 79.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Tredegar

Tredegar Corporation is a diversified manufacturer specializing in high-performance plastic films and aluminum extrusions. Headquartered in Richmond, Virginia, the company operates through two primary segments—Films and Manufactured Products—serving a broad range of industries that include flexible packaging, medical devices, electronics, building and construction. Tredegar’s operations focus on delivering tailored solutions that meet demanding specifications for barrier properties, film strength and extrusion tolerances.

The Films segment produces a variety of polyolefin films, including cast and blown polyethylene, BOPP (biaxially oriented polypropylene), barrier films and specialty medical-grade films.