Tudor Investment Corp ET AL Has $570,000 Stock Holdings in Amalgamated Financial Corp. (NASDAQ:AMAL)

Tudor Investment Corp ET AL decreased its stake in Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,025 shares of the company's stock after selling 9,343 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.06% of Amalgamated Financial worth $570,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMAL. Barclays PLC grew its position in shares of Amalgamated Financial by 91.7% in the third quarter. Barclays PLC now owns 119,165 shares of the company's stock valued at $3,739,000 after purchasing an additional 57,008 shares during the period. Tidal Investments LLC purchased a new position in Amalgamated Financial during the third quarter worth about $496,000. JPMorgan Chase & Co. raised its stake in Amalgamated Financial by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 567,609 shares of the company's stock worth $17,806,000 after purchasing an additional 89,444 shares during the period. USA Financial Formulas purchased a new position in Amalgamated Financial during the fourth quarter worth about $34,000. Finally, Ballentine Partners LLC raised its stake in Amalgamated Financial by 15.8% during the fourth quarter. Ballentine Partners LLC now owns 16,712 shares of the company's stock worth $559,000 after purchasing an additional 2,283 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

Amalgamated Financial Price Performance

AMAL traded down $0.27 during midday trading on Wednesday, reaching $31.36. 22,591 shares of the company's stock were exchanged, compared to its average volume of 186,818. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $959.15 million, a PE ratio of 9.09 and a beta of 0.86. The business's 50-day moving average price is $28.34 and its 200 day moving average price is $32.44. Amalgamated Financial Corp. has a 1-year low of $24.02 and a 1-year high of $38.19.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.88 earnings per share for the quarter, meeting analysts' consensus estimates of $0.88. Amalgamated Financial had a net margin of 24.50% and a return on equity of 16.49%. The business had revenue of $79.69 million during the quarter, compared to analyst estimates of $74.78 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. As a group, equities analysts anticipate that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, May 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, May 6th. Amalgamated Financial's dividend payout ratio (DPR) is 16.62%.

Amalgamated Financial announced that its board has approved a stock repurchase program on Monday, March 10th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMAL. Piper Sandler downgraded shares of Amalgamated Financial from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $42.00 to $38.00 in a research note on Friday, February 21st. Keefe, Bruyette & Woods lowered their target price on shares of Amalgamated Financial from $41.00 to $39.00 and set an "outperform" rating for the company in a report on Friday, April 25th.

Insider Buying and Selling

In related news, EVP Tyrone Graham sold 869 shares of Amalgamated Financial stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $29.73, for a total value of $25,835.37. Following the sale, the executive vice president now directly owns 10,580 shares in the company, valued at $314,543.40. This trade represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sean Searby sold 3,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $32.49, for a total transaction of $97,470.00. Following the sale, the executive vice president now owns 17,639 shares in the company, valued at $573,091.11. This trade represents a 14.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,926 shares of company stock valued at $243,070. Insiders own 1.29% of the company's stock.

Amalgamated Financial Profile

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.