Tredegar (NYSE:TG) Major Shareholder William Gottwald Sells 16,087 Shares

Key Points

• William Gottwald, a major shareholder of Tredegar Corporation, sold 16,087 shares at an average price of $8.01, totaling approximately $128,856.87, reducing his ownership stake by 2.07%.
• Tredegar's stock price fell to $7.69, with a market capitalization of $268.30 million, and it has a 1-year trading range between $6.45 and $9.43.
• The company recently reported quarterly earnings of $0.05 per share, with a negative net margin of 9.51% and revenue of $180.50 million.

Tredegar Corporation (NYSE:TG - Get Free Report) major shareholder William Gottwald sold 16,087 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $8.01, for a total transaction of $128,856.87. Following the completion of the sale, the insider directly owned 759,810 shares in the company, valued at approximately $6,086,078.10. This trade represents a 2.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Tredegar Price Performance

TG stock traded down $0.22 during midday trading on Thursday, reaching $7.69. The company had a trading volume of 37,427 shares, compared to its average volume of 84,298. Tredegar Corporation has a 1 year low of $6.45 and a 1 year high of $9.43. The company has a market capitalization of $268.30 million, a P/E ratio of -4.07 and a beta of 0.78. The firm has a 50-day moving average price of $7.99 and a 200-day moving average price of $8.11.

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

Institutional Trading of Tredegar

A number of hedge funds and other institutional investors have recently modified their holdings of TG. Tower Research Capital LLC TRC grew its position in shares of 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 during the period. GAMMA Investing LLC grew its position in shares of 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 during the period. MetLife Investment Management LLC grew its position in shares of 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 during the period. Osaic Holdings Inc. grew its position 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 worth $123,000 after buying an additional 7,907 shares during the period. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Tredegar in the 1st quarter worth about $131,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

About Tredegar

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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