Insider Selling: Tredegar (NYSE:TG) Major Shareholder Sells 2,350 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder William Gottwald sold 2,350 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $8.00, for a total value of $18,800.00. Following the transaction, the insider directly owned 450,873 shares in the company, valued at approximately $3,606,984. This represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tredegar Stock Up 1.1%

NYSE:TG traded up $0.09 during trading hours on Thursday, hitting $7.98. 76,315 shares of the stock were exchanged, compared to its average volume of 169,890. The company’s 50 day moving average is $8.52 and its two-hundred day moving average is $8.26. Tredegar Corporation has a twelve month low of $6.25 and a twelve month high of $10.53. The company has a market capitalization of $279.44 million, a P/E ratio of 9.50 and a beta of 0.74.

Tredegar (NYSE:TG) last posted its quarterly earnings results on Friday, May 8th. The basic materials company reported $0.15 earnings per share for the quarter. The company had revenue of $186.49 million for the quarter. Tredegar had a return on equity of 12.91% and a net margin of 3.89%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TG. NewEdge Advisors LLC increased its position in shares of Tredegar by 36.9% in the 1st quarter. NewEdge Advisors LLC now owns 16,471 shares of the basic materials company’s stock valued at $131,000 after buying an additional 4,441 shares in the last quarter. Empowered Funds LLC increased its position in shares of Tredegar by 2,164.8% in the 1st quarter. Empowered Funds LLC now owns 32,387 shares of the basic materials company’s stock valued at $257,000 after buying an additional 30,957 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Tredegar by 29.0% in the 1st quarter. Quantinno Capital Management LP now owns 98,741 shares of the basic materials company’s stock valued at $785,000 after buying an additional 22,221 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Tredegar by 33.2% in the 1st quarter. Renaissance Technologies LLC now owns 195,400 shares of the basic materials company’s stock valued at $1,553,000 after buying an additional 48,708 shares in the last quarter. Finally, Teton Advisors LLC increased its position in shares of Tredegar by 2.7% in the 1st quarter. Teton Advisors LLC now owns 113,000 shares of the basic materials company’s stock valued at $898,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised Tredegar from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tredegar currently has a consensus rating of “Hold”.

Tredegar Company Profile

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.