Arijit Dasgupta Acquires 2,093 Shares of Tredegar (NYSE:TG) Stock

Tredegar Corporation (NYSE:TG) insider Arijit Dasgupta bought 2,093 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were acquired at an average cost of $7.87 per share, with a total value of $16,471.91. Following the purchase, the insider directly owned 140,097 shares of the company’s stock, valued at approximately $1,102,563.39. This represents a 1.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Arijit Dasgupta also recently made the following trade(s):

• On Friday, August 14th, Arijit Dasgupta purchased 907 shares of Tredegar stock. The stock was bought at an average cost of $7.87 per share, with a total value of $7,138.09.
• On Thursday, May 21st, Arijit Dasgupta bought 1,000 shares of Tredegar stock. The stock was purchased at an average price of $7.55 per share, for a total transaction of $7,550.00.

Tredegar Trading Up 0.2%

TG traded up $0.01 during trading on Tuesday, hitting $8.00. 189,251 shares of the company’s stock traded hands, compared to its average volume of 169,807. The stock has a market capitalization of $279.35 million, a price-to-earnings ratio of 8.33 and a beta of 0.76. The company’s 50 day simple moving average is $7.78 and its two-hundred day simple moving average is $8.27. Tredegar Corporation has a 12-month low of $6.25 and a 12-month high of $10.53.

Tredegar (NYSE:TG) last issued its quarterly earnings data on Friday, August 7th. The basic materials company reported $0.18 earnings per share for the quarter. The company had revenue of $216.24 million for the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.52%. During the same quarter last year, the company earned $0.05 EPS.

Hedge Funds Weigh In On Tredegar

Several institutional investors have recently bought and sold shares of TG. Russell Investments Group Ltd. raised its holdings in shares of Tredegar by 531.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 2,841 shares in the last quarter. Torren Management LLC bought a new stake in Tredegar in the fourth quarter worth $32,000. BNP Paribas Financial Markets raised its stake in Tredegar by 53.2% during the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Tredegar by 225.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management bought a new position in Tredegar during the fourth quarter valued at $76,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tredegar in a research note on Friday, August 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average 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.