Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells 2,450 Shares of Stock

Key Points

• John Gottwald, a major shareholder of Tredegar Corporation, sold 2,450 shares at an average price of $8.02, resulting in a total transaction value of $19,649 and a 0.32% decrease in ownership.
• Tredegar's stock price fell by **2.8%**, trading at $7.69, with a market capitalization of **$268.30 million** and a price-to-earnings ratio of **-4.07**.
• Recent institutional trading saw significant increases in stakes, with **Tower Research Capital** growing its position by **225.3%** and several other firms also increasing their holdings in the company.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder John Gottwald sold 2,450 shares of Tredegar stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $8.02, for a total value of $19,649.00. Following the completion of the transaction, the insider owned 757,360 shares of the company's stock, valued at $6,074,027.20. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Tredegar Stock Down 2.8%

Shares of NYSE:TG traded down $0.22 during trading on Thursday, hitting $7.69. 37,427 shares of the company traded hands, compared to its average volume of 84,298. The business's fifty day moving average is $7.99 and its 200-day moving average is $8.11. The stock has a market capitalization of $268.30 million, a price-to-earnings ratio of -4.07 and a beta of 0.78. Tredegar Corporation has a one year low of $6.45 and a one year high of $9.43.

Tredegar (NYSE:TG - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. Tredegar had a positive return on equity of 4.17% and a negative net margin of 9.51%.The company had revenue of $180.50 million for the quarter.

Institutional Trading of Tredegar

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in shares of Tredegar by 225.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 4,771 shares during the last quarter. GAMMA Investing LLC raised its holdings in Tredegar by 1,131.8% during the 1st quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company's stock worth $81,000 after purchasing an additional 9,643 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Tredegar by 130.0% during the 2nd quarter. Osaic Holdings Inc. now owns 13,988 shares of the basic materials company's stock worth $123,000 after purchasing an additional 7,907 shares during the last quarter. MetLife Investment Management LLC lifted its position in Tredegar by 25.9% during the 1st quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company's stock valued at $118,000 after purchasing an additional 3,145 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Tredegar during the 1st quarter worth approximately $131,000. Institutional investors own 79.24% of the company's stock.

Tredegar Company Profile

Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.

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