Tredegar Corporation (NYSE:TG – Get Free Report) insider Arijit Dasgupta acquired 2,093 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were bought at an average price of $7.87 per share, for a total transaction of $16,471.91. Following the acquisition, the insider owned 140,097 shares in the company, valued at approximately $1,102,563.39. This trade represents a 1.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Arijit Dasgupta also recently made the following trade(s):
- On Friday, August 14th, Arijit Dasgupta bought 907 shares of Tredegar stock. The stock was bought at an average price of $7.87 per share, with a total value of $7,138.09.
- On Thursday, May 21st, Arijit Dasgupta bought 1,000 shares of Tredegar stock. The shares were purchased at an average cost of $7.55 per share, for a total transaction of $7,550.00.
Tredegar Stock Up 0.2%
TG stock opened at $8.00 on Wednesday. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $10.53. The company has a market cap of $279.35 million, a PE ratio of 8.33 and a beta of 0.76. The business’s 50-day simple moving average is $7.78 and its 200 day simple moving average is $8.27.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Tredegar in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Tredegar presently has an average rating of “Hold”.
Get Our Latest Stock Report on TG
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new stake in Tredegar in the 2nd quarter valued at about $630,000. Bank of America Corp DE acquired a new position in shares of Tredegar during the second quarter worth approximately $508,000. Man Group plc acquired a new position in shares of Tredegar during the second quarter worth approximately $190,000. Hsbc Holdings PLC bought a new stake in shares of Tredegar during the second quarter valued at approximately $242,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Tredegar during the second quarter valued at approximately $409,000. Institutional investors and hedge funds own 79.24% of the company’s stock.
Tredegar Company Profile
Tredegar Corporation is a diversified manufacturer specializing in high-performance plastic films and aluminum extrusions. Headquartered in Richmond, Virginia, the company operates through two primary segments—Films and Manufactured Products—serving a broad range of industries that include flexible packaging, medical devices, electronics, building and construction. Tredegar’s operations focus on delivering tailored solutions that meet demanding specifications for barrier properties, film strength and extrusion tolerances.
The Films segment produces a variety of polyolefin films, including cast and blown polyethylene, BOPP (biaxially oriented polypropylene), barrier films and specialty medical-grade films.
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