Balter Liquid Alternatives LLC Invests $482,000 in Lydall, Inc. (LDL)

Balter Liquid Alternatives LLC bought a new stake in shares of Lydall, Inc. (NYSE:LDL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,001 shares of the auto parts company’s stock, valued at approximately $482,000. Balter Liquid Alternatives LLC owned about 0.05% of Lydall at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ramsey Quantitative Systems bought a new stake in shares of Lydall during the first quarter valued at about $463,000. Swiss National Bank increased its position in shares of Lydall by 2.9% in the first quarter. Swiss National Bank now owns 28,400 shares of the auto parts company’s stock worth $1,522,000 after buying an additional 800 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Lydall by 216.6% in the first quarter. LS Investment Advisors LLC now owns 2,061 shares of the auto parts company’s stock worth $110,000 after buying an additional 1,410 shares during the last quarter. Comerica Bank increased its position in shares of Lydall by 15.0% in the first quarter. Comerica Bank now owns 133,445 shares of the auto parts company’s stock worth $7,079,000 after buying an additional 17,437 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Lydall by 6.0% in the first quarter. Great West Life Assurance Co. Can now owns 24,049 shares of the auto parts company’s stock worth $1,286,000 after buying an additional 1,362 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Institutional Ownership by Quarter for Lydall (NYSE:LDL)

Shares of Lydall, Inc. (NYSE LDL) traded up 0.19% during trading on Monday, hitting $52.75. 72,789 shares of the stock traded hands. Lydall, Inc. has a 52-week low of $37.03 and a 52-week high of $64.85. The firm has a market cap of $908.78 million, a price-to-earnings ratio of 22.93 and a beta of 1.70. The stock has a 50 day moving average of $52.13 and a 200 day moving average of $55.67.

Lydall (NYSE:LDL) last announced its earnings results on Thursday, May 4th. The auto parts company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.17. Lydall had a return on equity of 17.52% and a net margin of 6.59%. The company had revenue of $165.49 million for the quarter, compared to the consensus estimate of $155.50 million. Analysts expect that Lydall, Inc. will post $2.92 EPS for the current year.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Lydall from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. ValuEngine raised shares of Lydall from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Roth Capital set a $63.00 target price on shares of Lydall and gave the company a “buy” rating in a research note on Saturday, May 20th.

In related news, SVP Chad A. Mcdaniel sold 3,500 shares of Lydall stock in a transaction on Friday, June 9th. The stock was sold at an average price of $54.06, for a total transaction of $189,210.00. Following the completion of the transaction, the senior vice president now directly owns 36,236 shares of the company’s stock, valued at $1,958,918.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO James V. Laughlan sold 4,700 shares of Lydall stock in a transaction on Monday, May 15th. The stock was sold at an average price of $52.69, for a total value of $247,643.00. Following the transaction, the chief accounting officer now directly owns 19,743 shares of the company’s stock, valued at $1,040,258.67. The disclosure for this sale can be found here. Company insiders own 5.02% of the company’s stock.

Lydall Company Profile

Lydall, Inc designs and manufactures specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications. The Company’s segments are Performance Materials, Technical Nonwovens, Thermal/Acoustical Metals and Thermal/Acoustical Fibers.

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