GSA Capital Partners LLP Acquires Shares of 41,494 Amalgamated Financial Corp. $AMAL

GSA Capital Partners LLP bought a new stake in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,494 shares of the company’s stock, valued at approximately $1,905,000. GSA Capital Partners LLP owned 0.14% of Amalgamated Financial as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AMAL. Osaic Holdings Inc. increased its position in shares of Amalgamated Financial by 56.7% in the second quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock worth $34,000 after purchasing an additional 391 shares during the period. Arax Advisory Partners lifted its position in Amalgamated Financial by 187.1% during the fourth quarter. Arax Advisory Partners now owns 1,269 shares of the company’s stock worth $41,000 after purchasing an additional 827 shares during the period. Royal Bank of Canada lifted its position in Amalgamated Financial by 143.8% during the first quarter. Royal Bank of Canada now owns 1,485 shares of the company’s stock worth $57,000 after purchasing an additional 876 shares during the period. CWM LLC grew its stake in Amalgamated Financial by 41.2% during the fourth quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $60,000 after buying an additional 549 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Amalgamated Financial by 140.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company’s stock worth $63,000 after buying an additional 1,177 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings raised shares of Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Piper Sandler boosted their price objective on shares of Amalgamated Financial from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Amalgamated Financial from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.50.

Insider Buying and Selling at Amalgamated Financial

In other news, CFO Jason Darby sold 3,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $43.30, for a total transaction of $129,900.00. Following the completion of the transaction, the chief financial officer directly owned 79,343 shares in the company, valued at approximately $3,435,551.90. This represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maryann Bruce sold 2,138 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $49.55, for a total value of $105,937.90. Following the completion of the transaction, the director owned 17,804 shares of the company’s stock, valued at $882,188.20. The trade was a 10.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,727 shares of company stock worth $431,077 over the last quarter. Corporate insiders own 1.63% of the company’s stock.

Amalgamated Financial Price Performance

Shares of NASDAQ AMAL opened at $51.06 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 13.62 and a beta of 0.79. Amalgamated Financial Corp. has a 12 month low of $25.13 and a 12 month high of $51.59. The stock has a 50-day moving average price of $47.03 and a two-hundred day moving average price of $42.61.

Amalgamated Financial (NASDAQ:AMAL) last posted its earnings results on Thursday, July 23rd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. Amalgamated Financial had a net margin of 23.34% and a return on equity of 14.30%. The firm had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $92.09 million. As a group, analysts forecast that Amalgamated Financial Corp. will post 4.06 earnings per share for the current fiscal year.

Amalgamated Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Tuesday, August 4th will be given a $0.17 dividend. The ex-dividend date is Tuesday, August 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. Amalgamated Financial’s dividend payout ratio (DPR) is currently 18.13%.

Amalgamated Financial Profile

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.