Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells $59,145.84 in Stock

Tredegar Corporation (NYSE:TGGet Free Report) major shareholder William Gottwald sold 7,384 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $8.01, for a total value of $59,145.84. Following the sale, the insider directly owned 482,468 shares in the company, valued at approximately $3,864,568.68. This represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Tredegar Price Performance

NYSE:TG opened at $7.65 on Thursday. The business’s 50-day simple moving average is $8.48 and its 200-day simple moving average is $8.23. Tredegar Corporation has a fifty-two week low of $6.25 and a fifty-two week high of $10.53. The stock has a market capitalization of $267.90 million, a PE ratio of 9.11 and a beta of 0.82.

Tredegar (NYSE:TGGet Free Report) last posted its earnings results on Friday, May 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $186.49 million during the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.

Institutional Trading of Tredegar

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in Tredegar by 531.0% during the third quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 2,841 shares during the last quarter. Torren Management LLC acquired a new stake in Tredegar in the 4th quarter valued at $32,000. BNP Paribas Financial Markets lifted its position in Tredegar by 53.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Tredegar by 225.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after buying an additional 4,771 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new position in shares of Tredegar during the 4th quarter worth about $76,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Tredegar currently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on TG

About Tredegar

(Get Free Report)

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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Insider Buying and Selling by Quarter for Tredegar (NYSE:TG)

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