Blair William & Co. IL purchased a new stake in shares of Albany International Corporation (NYSE:AIN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,860 shares of the textile maker’s stock, valued at approximately $260,000.
Several other hedge funds have also made changes to their positions in AIN. Ameritas Investment Partners Inc. purchased a new stake in Albany International Corporation in the 1st quarter worth approximately $114,000. State of Alaska Department of Revenue grew its holdings in shares of Albany International Corporation by 1.9% during the 1st quarter. State of Alaska Department of Revenue now owns 3,190 shares of the textile maker’s stock valued at $146,000 after purchasing an additional 60 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Albany International Corporation by 47.3% during the 1st quarter. Victory Capital Management Inc. now owns 3,702 shares of the textile maker’s stock valued at $170,000 after purchasing an additional 1,189 shares during the last quarter. First Interstate Bank grew its holdings in shares of Albany International Corporation by 15.8% during the 1st quarter. First Interstate Bank now owns 3,694 shares of the textile maker’s stock valued at $170,000 after purchasing an additional 505 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new position in shares of Albany International Corporation during the 1st quarter valued at $215,000. Institutional investors own 90.96% of the company’s stock.
In other Albany International Corporation news, insider Daniel A. Halftermeyer sold 17,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $53.29, for a total value of $921,917.00. Following the completion of the sale, the insider now owns 66,377 shares in the company, valued at $3,537,230.33. The sale was disclosed in a document filed with the SEC, which is available through this link. 11.63% of the stock is currently owned by insiders.
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Separately, BidaskClub lowered shares of Albany International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
Shares of Albany International Corporation (NYSE AIN) opened at 55.30 on Friday. The firm has a 50-day moving average of $52.33 and a 200-day moving average of $49.54. Albany International Corporation has a one year low of $37.00 and a one year high of $55.35. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 43.54 and a beta of 1.69.
Albany International Corporation (NYSE:AIN) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.36). The business had revenue of $215.57 million during the quarter. Albany International Corporation had a net margin of 4.98% and a return on equity of 8.42%. Equities research analysts forecast that Albany International Corporation will post $1.90 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 11th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, September 8th. Albany International Corporation’s dividend payout ratio is currently 53.54%.
About Albany International Corporation
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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