In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tredegar Corp (NYSE:TG) reported that GAMCO Investors has picked up 724,571 of common stock as of 2017-05-24.
The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 724,571 representing less than 2.19% stake in the company.
For those not familiar with the company, Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications. Its Surface Protection unit produces single- and multi-layer surface protection films sold under the UltraMask, ForceField and ForceField PEARL brand names. The Flexible Packaging Films segment produces polyethylene terephthalate-based films for use in packaging applications that have specialized properties, such as heat resistance, barrier protection and the ability to accept print graphics. The Aluminum Extrusions segment manufactures mill (unfinished), anodized (coated) and painted and fabricated aluminum extrusions for sale directly to fabricators and distributors.
A glance at Tredegar Corp (NYSE:TG)’s key stats reveals a current market capitalization of 536.97 Million based on 33.03 Million shares outstanding and a price at last close of $15.95 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-06-03, Gottwald picked up 2,610 at a purchase price of $20.75. This brings their total holding to 850,928 as of the date of the filing.
On the sell side, the most recent transaction saw Gottwald unload 1,742 shares at a sale price of $9.72. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tredegar Corp (NYSE:TG) as things move forward to see if its progress aligns with these transactions.
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