Synalloy Co. (SYNL) VP Sarah M. Cunningham Acquires 1,000 Shares

Synalloy Co. (NASDAQ:SYNL) VP Sarah M. Cunningham bought 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $15.00 per share, with a total value of $15,000.00. Following the completion of the transaction, the vice president now owns 19,483 shares in the company, valued at approximately $292,245. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NASDAQ:SYNL traded down $0.04 on Friday, hitting $14.97. The company had a trading volume of 27,426 shares, compared to its average volume of 21,830. Synalloy Co. has a 1 year low of $12.45 and a 1 year high of $24.80. The company has a current ratio of 2.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market cap of $135.80 million, a price-to-earnings ratio of 7.39 and a beta of 0.25.

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Synalloy by 3.6% during the 3rd quarter. Renaissance Technologies LLC now owns 221,500 shares of the industrial products company’s stock valued at $5,061,000 after acquiring an additional 7,626 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Synalloy by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 448,745 shares of the industrial products company’s stock worth $10,254,000 after buying an additional 26,930 shares during the period. Vanguard Group Inc boosted its position in shares of Synalloy by 19.9% in the third quarter. Vanguard Group Inc now owns 374,418 shares of the industrial products company’s stock worth $8,556,000 after buying an additional 62,258 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Synalloy in the third quarter worth $155,000. Finally, Northern Trust Corp boosted its position in shares of Synalloy by 320.4% in the second quarter. Northern Trust Corp now owns 88,721 shares of the industrial products company’s stock worth $1,770,000 after buying an additional 67,617 shares during the period. 48.57% of the stock is owned by hedge funds and other institutional investors.

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About Synalloy

Synalloy Corporation engages in production and sale of stainless steel pipes, fiberglass, steel storage tanks, and specialty chemicals in the United States and internationally. The company operates in two segments, Metals and Specialty Chemicals. The Metals segment manufactures and sells stainless steel and other alloy pipes under the BRISMET trade name through authorized stocking distributors; and liquid storage solutions and separation equipment, as well as distributes seamless carbon pipes and tubes.

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