GSA Capital Partners LLP Has $1.01 Million Stock Holdings in Albany International Corp. (NYSE:AIN)

GSA Capital Partners LLP decreased its position in shares of Albany International Corp. (NYSE:AIN) by 31.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,350 shares of the textile maker’s stock after selling 5,139 shares during the quarter. GSA Capital Partners LLP’s holdings in Albany International were worth $1,008,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AIN. Entropy Technologies LP bought a new position in shares of Albany International during the third quarter worth $245,000. Bridges Investment Management Inc. bought a new position in Albany International during the third quarter worth about $206,000. Principal Financial Group Inc. grew its stake in Albany International by 6.6% in the third quarter. Principal Financial Group Inc. now owns 586,268 shares of the textile maker’s stock valued at $52,071,000 after acquiring an additional 36,274 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Albany International by 16.4% in the third quarter. QRG Capital Management Inc. now owns 4,025 shares of the textile maker’s stock worth $358,000 after acquiring an additional 567 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Albany International by 60.5% during the third quarter. Assenagon Asset Management S.A. now owns 161,340 shares of the textile maker’s stock worth $14,335,000 after purchasing an additional 60,812 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Albany International Price Performance

NYSE AIN opened at $80.09 on Friday. The firm’s 50 day moving average is $79.06 and its 200-day moving average is $84.63. The company has a quick ratio of 2.94, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.51 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.66 and a beta of 1.29. Albany International Corp. has a 12-month low of $67.39 and a 12-month high of $99.41.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Wednesday, October 30th. The textile maker reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.35. Albany International had a net margin of 7.92% and a return on equity of 12.20%. The firm had revenue of $298.40 million for the quarter, compared to analyst estimates of $304.51 million. During the same period in the previous year, the business earned $1.02 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Albany International Corp. will post 3.2 earnings per share for the current fiscal year.

Albany International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Tuesday, September 3rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.04 annualized dividend and a yield of 1.30%. Albany International’s dividend payout ratio (DPR) is presently 32.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America decreased their price objective on Albany International from $90.00 to $80.00 and set an “underperform” rating for the company in a research report on Friday. StockNews.com cut shares of Albany International from a “buy” rating to a “hold” rating in a report on Wednesday. Truist Financial dropped their price objective on shares of Albany International from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen cut their price objective on shares of Albany International from $95.00 to $81.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.50.

Insider Buying and Selling at Albany International

In other news, VP Joseph M. Gaug bought 1,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of $71.24 per share, with a total value of $71,240.00. Following the acquisition, the vice president now owns 6,811 shares in the company, valued at $485,215.64. This trade represents a 17.21 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert Alan Hansen purchased 1,050 shares of the stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of $71.26 per share, for a total transaction of $74,823.00. Following the transaction, the senior vice president now owns 8,387 shares of the company’s stock, valued at approximately $597,657.62. The trade was a 14.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 3,450 shares of company stock worth $245,813 over the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Albany International Profile

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.