Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells 2,700 Shares of Stock

Key Points

• Gamco Investors, Inc. Et Al, a major shareholder of Tredegar Corporation, sold 2,700 shares at an average price of $8.16, resulting in a total sale value of $22,032 and a 47.37% decrease in their ownership.
• Tredegar's stock has shown volatility with a 12-month low of $6.45 and a high of $9.43, while the current share price is $8.06.
• The company recently reported a negative net margin of 9.51% alongside $0.05 earnings per share for the quarter ending August 8th.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder Gamco Investors, Inc. Et Al sold 2,700 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $8.16, for a total transaction of $22,032.00. Following the completion of the sale, the insider owned 3,000 shares in the company, valued at $24,480. This represents a 47.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

• On Monday, September 15th, Gamco Investors, Inc. Et Al sold 1,500 shares of Tredegar stock. The shares were sold at an average price of $8.09, for a total transaction of $12,135.00.

Tredegar Stock Up 0.0%

NYSE:TG traded up $0.00 during trading hours on Tuesday, reaching $8.05. The company had a trading volume of 13,169 shares, compared to its average volume of 84,159. The firm has a market cap of $281.00 million, a price-to-earnings ratio of -4.26 and a beta of 0.82. The business's 50-day simple moving average is $8.11 and its two-hundred day simple moving average is $8.09. Tredegar Corporation has a twelve month low of $6.45 and a twelve month 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 EPS for the quarter. Tredegar had a negative net margin of 9.51% and a positive return on equity of 4.17%. The business had revenue of $180.50 million during the quarter.

Institutional Trading of Tredegar

Hedge funds and other institutional investors have recently modified their holdings of the business. Central Pacific Bank Trust Division purchased a new position in Tredegar during the first quarter valued at approximately $46,000. Tower Research Capital LLC TRC grew its stake in Tredegar by 225.3% in 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. GAMMA Investing LLC grew its stake in Tredegar by 1,131.8% in the 1st quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company's stock worth $81,000 after buying an additional 9,643 shares in the last quarter. MetLife Investment Management LLC grew its stake in Tredegar by 25.9% in the 1st quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company's stock worth $118,000 after buying an additional 3,145 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Tredegar by 130.0% in the 2nd quarter. Osaic Holdings Inc. now owns 13,988 shares of the basic materials company's stock valued at $123,000 after purchasing an additional 7,907 shares in the last quarter. 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.