Synalloy Co. (NASDAQ:SYNL) Insider Privet Fund Management Llc Acquires 14,737 Shares

Synalloy Co. (NASDAQ:SYNL) insider Privet Fund Management Llc bought 14,737 shares of the company’s stock in a transaction on Tuesday, June 8th. The shares were bought at an average cost of $10.06 per share, for a total transaction of $148,254.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Privet Fund Management Llc also recently made the following trade(s):

  • On Thursday, June 10th, Privet Fund Management Llc bought 15,000 shares of Synalloy stock. The shares were bought at an average cost of $10.57 per share, for a total transaction of $158,550.00.

Shares of NASDAQ SYNL opened at $10.58 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.77 and a quick ratio of 1.34. The company has a market cap of $97.36 million, a PE ratio of -3.85 and a beta of 0.55. The firm’s fifty day moving average is $9.73. Synalloy Co. has a 12-month low of $3.81 and a 12-month high of $10.74.

Synalloy (NASDAQ:SYNL) last posted its quarterly earnings data on Monday, May 10th. The industrial products company reported $0.12 earnings per share for the quarter. The firm had revenue of $69.78 million during the quarter. Synalloy had a negative return on equity of 1.10% and a negative net margin of 9.95%.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Synalloy by 0.7% during the 4th quarter. BlackRock Inc. now owns 178,717 shares of the industrial products company’s stock valued at $1,394,000 after buying an additional 1,287 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Synalloy by 25.1% in the 4th quarter. Renaissance Technologies LLC now owns 137,600 shares of the industrial products company’s stock worth $1,073,000 after buying an additional 27,600 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Synalloy by 43.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 80,305 shares of the industrial products company’s stock valued at $626,000 after buying an additional 24,215 shares during the period. Morgan Stanley raised its position in shares of Synalloy by 45.3% during the 1st quarter. Morgan Stanley now owns 10,913 shares of the industrial products company’s stock valued at $96,000 after buying an additional 3,400 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of Synalloy during the 1st quarter valued at approximately $59,000. Institutional investors own 21.60% of the company’s stock.

Synalloy Company Profile

Synalloy Corporation manufactures and sells metals and specialty chemicals in the United States and internationally. The company's Metals segment offers stainless steel, galvanized, and other alloy pipes and tubes under the BRISMET trade name; liquid storage solutions and separation equipment; and ornamental stainless steel tubes under the ASTI trade name, as well as distributes seamless carbon pipes and tubes.

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Insider Buying and Selling by Quarter for Synalloy (NASDAQ:SYNL)

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