Shufro Rose & Co. LLC cut its stake in shares of Friedman Industries (NYSE:FRD) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,720 shares of the company’s stock after selling 10,100 shares during the period. Shufro Rose & Co. LLC’s holdings in Friedman Industries were worth $867,000 as of its most recent SEC filing.

Friedman Industries (NYSE FRD) opened at 5.52 on Tuesday. The stock has a 50 day moving average price of $5.49 and a 200 day moving average price of $5.99. The firm’s market cap is $38.69 million. Friedman Industries has a 1-year low of $5.00 and a 1-year high of $7.29.

Friedman Industries (NYSE:FRD) last announced its quarterly earnings data on Thursday, June 29th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $21.06 million for the quarter. Friedman Industries had a negative net margin of 1.79% and a negative return on equity of 2.50%. On average, analysts anticipate that Friedman Industries will post $1.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, July 14th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%.

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Friedman Industries Company Profile

Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and tubular products. It purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate, and sells these products on a wholesale, rapid-delivery basis in competition with steel mills, importers and steel service centers.

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Institutional Ownership by Quarter for Friedman Industries (NYSE:FRD)

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