Tredegar (NYSE:TG) Insider Arijit Dasgupta Acquires 2,093 Shares of Stock

Key Points

• Insider buying: Arijit Dasgupta purchased 2,093 Tredegar shares at an average price of $7.87, increasing his stake by 1.52% to 140,097 shares. He also bought shares in August and May.
• Stock and earnings: Tredegar shares traded around $8.00, with a market capitalization of approximately $279 million. The company reported quarterly EPS of $0.18 on revenue of $216.24 million, compared with $0.05 EPS a year earlier.
• Investor sentiment: Institutional investors own 79.24% of Tredegar, while Weiss Ratings and the sole tracked analyst maintain a “Hold” view on the stock.

Tredegar Corporation (NYSE:TG - Get Free Report) insider Arijit Dasgupta purchased 2,093 shares of Tredegar stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average price of $7.87 per share, with a total value of $16,471.91. Following the transaction, the insider owned 140,097 shares of the company's stock, valued at $1,102,563.39. This trade represents a 1.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Arijit Dasgupta also recently made the following trade(s):

• On Friday, August 14th, Arijit Dasgupta acquired 907 shares of Tredegar stock. The shares were purchased at an average cost 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 stock was purchased at an average cost of $7.55 per share, with a total value of $7,550.00.

Tredegar Price Performance

Shares of TG traded up $0.01 during mid-day trading on Tuesday, hitting $8.00. The stock had a trading volume of 189,251 shares, compared to its average volume of 169,807. Tredegar Corporation has a 52 week low of $6.25 and a 52 week high of $10.53. The business has a fifty day moving average price of $7.78 and a 200-day moving average price of $8.27. The firm has a market cap of $279.35 million, a P/E ratio of 8.33 and a beta of 0.76.

Tredegar (NYSE:TG - Get Free Report) last issued its earnings results on Friday, August 7th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $216.24 million for the quarter. Tredegar had a net margin of 4.26% and a return on equity of 14.52%. During the same period in the previous year, the firm earned $0.05 EPS.

Institutional Investors Weigh In On Tredegar

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in shares of Tredegar during the 2nd quarter valued at about $630,000. Bank of America Corp DE purchased a new stake in Tredegar in the second quarter worth about $508,000. Man Group plc purchased a new stake in Tredegar in the second quarter worth about $190,000. Hsbc Holdings PLC bought a new stake in Tredegar during the 2nd quarter valued at approximately $242,000. Finally, Canada Pension Plan Investment Board bought a new stake in Tredegar during the 2nd quarter valued at approximately $409,000. Hedge funds and other institutional investors own 79.24% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Tredegar in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold".

About Tredegar

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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