Yousif Capital Management LLC Invests $281,000 in Tredegar Co. (NYSE:TG)

Yousif Capital Management LLC acquired a new position in Tredegar Co. (NYSE:TGGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,803 shares of the basic materials company’s stock, valued at approximately $281,000. Yousif Capital Management LLC owned about 0.07% of Tredegar as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Tredegar by 6.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,915 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 1,031 shares during the last quarter. Public Sector Pension Investment Board grew its position in Tredegar by 2.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 60,588 shares of the basic materials company’s stock worth $738,000 after purchasing an additional 1,190 shares during the last quarter. Two Sigma Advisers LP grew its position in Tredegar by 7.2% during the 3rd quarter. Two Sigma Advisers LP now owns 19,400 shares of the basic materials company’s stock worth $236,000 after purchasing an additional 1,300 shares during the last quarter. KBC Group NV grew its position in Tredegar by 28.1% during the 3rd quarter. KBC Group NV now owns 8,149 shares of the basic materials company’s stock worth $99,000 after purchasing an additional 1,787 shares during the last quarter. Finally, IndexIQ Advisors LLC grew its position in Tredegar by 11.1% during the 3rd quarter. IndexIQ Advisors LLC now owns 29,953 shares of the basic materials company’s stock worth $365,000 after purchasing an additional 3,000 shares during the last quarter. 60.78% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com assumed coverage on shares of Tredegar in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock.

TG stock opened at $11.92 on Friday. The firm’s fifty day simple moving average is $11.97 and its 200-day simple moving average is $11.93. The company has a market capitalization of $402.23 million, a P/E ratio of 6.93 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.40 and a quick ratio of 0.88. Tredegar Co. has a 12 month low of $10.59 and a 12 month high of $16.22.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 25th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, March 24th. Tredegar’s dividend payout ratio (DPR) is currently 27.91%.

Tredegar Company Profile (Get Rating)

Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, polyethylene (PE) films, 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-alloy and medium-strength 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 fabricated aluminum extrusions to fabricators and distributors.

See Also

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Institutional Ownership by Quarter for Tredegar (NYSE:TG)

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