Tredegar (NYSE:TG) Major Shareholder James Gottwald Sells 1,433 Shares of Stock

Tredegar Corporation (NYSE:TG) major shareholder James Gottwald sold 1,433 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $8.01, for a total value of $11,478.33. Following the sale, the insider directly owned 775,897 shares of the company’s stock, valued at $6,214,934.97. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tredegar Trading Up 0.8%

Shares of NYSE:TG opened at $8.03 on Wednesday. The business has a 50-day moving average price of $8.01 and a 200 day moving average price of $8.11. The company has a market capitalization of $280.19 million, a price-to-earnings ratio of -4.25 and a beta of 0.82. Tredegar Corporation has a 12-month low of $6.45 and a 12-month high of $9.43.

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

Hedge Funds Weigh In On Tredegar

A number of hedge funds and other institutional investors have recently bought and sold shares of TG. Central Pacific Bank Trust Division purchased a new position in Tredegar during the 1st quarter valued at about $46,000. Tower Research Capital LLC TRC boosted its holdings in Tredegar by 225.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 4,771 shares during the period. GAMMA Investing LLC boosted its holdings in Tredegar by 1,131.8% during the 1st quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 9,643 shares during the period. MetLife Investment Management LLC boosted its holdings in Tredegar by 25.9% during the 1st quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company’s stock valued at $118,000 after acquiring an additional 3,145 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in Tredegar by 130.0% during the 2nd quarter. Osaic Holdings Inc. now owns 13,988 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 7,907 shares during the period. 79.24% of the stock is currently 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.