Globeflex Capital L P Sells 21,475 Shares of Tredegar Co. (NYSE:TG)

Globeflex Capital L P decreased its holdings in Tredegar Co. (NYSE:TGGet Rating) by 38.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,862 shares of the basic materials company’s stock after selling 21,475 shares during the period. Globeflex Capital L P owned about 0.10% of Tredegar worth $400,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Morgan Stanley increased its stake in shares of Tredegar by 114.5% during the second quarter. Morgan Stanley now owns 173,841 shares of the basic materials company’s stock worth $2,394,000 after purchasing an additional 92,789 shares during the period. SG Americas Securities LLC bought a new position in shares of Tredegar during the third quarter worth approximately $326,000. Barclays PLC increased its stake in shares of Tredegar by 31.7% during the third quarter. Barclays PLC now owns 21,446 shares of the basic materials company’s stock worth $261,000 after purchasing an additional 5,158 shares during the period. KBC Group NV increased its stake in shares of Tredegar by 28.1% during the third quarter. KBC Group NV now owns 8,149 shares of the basic materials company’s stock worth $99,000 after purchasing an additional 1,787 shares during the period. Finally, IndexIQ Advisors LLC increased its stake in shares of Tredegar by 11.1% during the third quarter. IndexIQ Advisors LLC now owns 29,953 shares of the basic materials company’s stock worth $365,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 61.58% of the company’s stock.

Tredegar stock traded up $0.02 during mid-day trading on Tuesday, reaching $11.33. 627 shares of the company were exchanged, compared to its average volume of 141,148. The firm’s fifty day simple moving average is $11.98. Tredegar Co. has a 12 month low of $10.59 and a 12 month high of $16.22. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. The company has a market cap of $382.32 million, a price-to-earnings ratio of 6.60 and a beta of 0.92.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, June 16th. This represents a $0.48 dividend on an annualized basis and a yield of 4.24%. Tredegar’s dividend payout ratio (DPR) is presently 27.91%.

Separately, StockNews.com initiated coverage on Tredegar in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock.

About Tredegar (Get Rating)

Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, polyethylene (PE) films, and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft-alloy and medium-strength custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and fabricated aluminum extrusions to fabricators and distributors.

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Institutional Ownership by Quarter for Tredegar (NYSE:TG)

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