Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $127,096.32 in Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 15,808 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $8.04, for a total transaction of $127,096.32. Following the completion of the sale, the insider directly owned 435,065 shares in the company, valued at approximately $3,497,922.60. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Performance

NYSE:TG opened at $8.17 on Friday. The firm’s fifty day moving average is $8.52 and its 200-day moving average is $8.26. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53. The firm has a market cap of $286.23 million, a P/E ratio of 9.73 and a beta of 0.74.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Teton Advisors LLC bought a new position in Tredegar during the third quarter worth $972,000. Gabelli Funds LLC boosted its stake in Tredegar by 6.9% during the third quarter. Gabelli Funds LLC now owns 1,168,548 shares of the basic materials company’s stock worth $9,383,000 after acquiring an additional 74,933 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Tredegar by 1.7% during the third quarter. Gamco Investors INC. ET AL now owns 5,990,851 shares of the basic materials company’s stock worth $48,107,000 after acquiring an additional 97,444 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Tredegar by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 46,921 shares of the basic materials company’s stock worth $373,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in Tredegar during the fourth quarter worth $260,000. 79.24% of the stock is owned by institutional investors.

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.