Tandy Leather Factory (NASDAQ:TLF) Director James C. Pappas purchased 24,000 shares of the stock in a transaction dated Monday, May 14th. The shares were bought at an average price of $7.89 per share, with a total value of $189,360.00. Following the completion of the acquisition, the director now directly owns 1,801 shares of the company’s stock, valued at approximately $14,209.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Tandy Leather Factory opened at $7.85 on Wednesday, Marketbeat reports. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.88 and a quick ratio of 3.27. Tandy Leather Factory has a 1-year low of $7.90 and a 1-year high of $7.90. The stock has a market cap of $72.52 million, a price-to-earnings ratio of 14.91 and a beta of 0.79.
Tandy Leather Factory (NASDAQ:TLF) last issued its quarterly earnings results on Wednesday, March 7th. The textile maker reported $0.22 earnings per share for the quarter. Tandy Leather Factory had a return on equity of 8.24% and a net margin of 5.45%. The firm had revenue of $24.50 million during the quarter. sell-side analysts forecast that Tandy Leather Factory will post 0.66 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of TLF. Bessemer Group Inc. bought a new position in shares of Tandy Leather Factory during the 4th quarter worth about $109,000. Beddow Capital Management Inc. boosted its position in shares of Tandy Leather Factory by 21.1% during the 4th quarter. Beddow Capital Management Inc. now owns 560,218 shares of the textile maker’s stock worth $4,342,000 after purchasing an additional 97,623 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Tandy Leather Factory during the 1st quarter worth about $159,000. Hedge funds and other institutional investors own 52.84% of the company’s stock.
Tandy Leather Factory Company Profile
Tandy Leather Factory, Inc operates as a retailer and wholesale distributor of a range of leather and leathercraft related items. It operates through two segments, North America and International. The company offers leather, quality tools, hardware, accessories, liquids, lace, kits, open workbenches, and teaching materials.
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