Alamo Group, Inc. (ALG) Director Rick Parod Acquires 1,000 Shares

Alamo Group, Inc. (NYSE:ALG) Director Rick Parod purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $98.13 per share, with a total value of $98,130.00. Following the completion of the transaction, the director now directly owns 2,696 shares of the company’s stock, valued at $264,558.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Alamo Group stock traded down $1.58 during mid-day trading on Thursday, hitting $96.44. The company’s stock had a trading volume of 217,480 shares, compared to its average volume of 39,404. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.04 and a beta of 0.83. Alamo Group, Inc. has a 1 year low of $72.50 and a 1 year high of $119.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.60 and a current ratio of 4.27.

A number of institutional investors have recently modified their holdings of the stock. Walthausen & Co. LLC purchased a new position in Alamo Group in the fourth quarter worth approximately $2,965,000. Thrivent Financial for Lutherans grew its position in Alamo Group by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,854 shares of the industrial products company’s stock worth $530,000 after acquiring an additional 150 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Alamo Group in the fourth quarter worth approximately $950,000. Gotham Asset Management LLC purchased a new position in Alamo Group in the fourth quarter worth approximately $232,000. Finally, Metropolitan Life Insurance Co. NY grew its position in Alamo Group by 348.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,963 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 2,303 shares during the period. Institutional investors own 92.87% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://www.com-unik.info/2019/03/07/alamo-group-inc-alg-director-rick-parod-acquires-1000-shares.html.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.

Recommended Story: Strangles

Insider Buying and Selling by Quarter for Alamo Group (NYSE:ALG)

Receive News & Ratings for Alamo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamo Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit