Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 125.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,089 shares of the company's stock after purchasing an additional 22,865 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of Amalgamated Financial worth $1,289,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Amalgamated Financial by 679.7% in the second quarter. CWM LLC now owns 1,380 shares of the company's stock worth $38,000 after purchasing an additional 1,203 shares during the last quarter. US Bancorp DE increased its position in shares of Amalgamated Financial by 28.4% during the third quarter. US Bancorp DE now owns 2,312 shares of the company's stock worth $73,000 after acquiring an additional 512 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Amalgamated Financial by 12.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company's stock worth $126,000 after acquiring an additional 528 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Amalgamated Financial during the second quarter valued at approximately $213,000. Finally, Quest Partners LLC boosted its holdings in shares of Amalgamated Financial by 6.9% in the second quarter. Quest Partners LLC now owns 10,028 shares of the company's stock valued at $275,000 after purchasing an additional 646 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.
Amalgamated Financial Stock Down 1.2 %
NASDAQ:AMAL traded down $0.42 during mid-day trading on Wednesday, reaching $36.10. The company's stock had a trading volume of 93,553 shares, compared to its average volume of 153,018. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.11 billion, a PE ratio of 10.77 and a beta of 0.91. The stock has a fifty day moving average of $33.62 and a 200-day moving average of $30.15. Amalgamated Financial Corp. has a 1 year low of $20.39 and a 1 year high of $38.19.
Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.08. The company had revenue of $111.76 million during the quarter, compared to analyst estimates of $79.50 million. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. During the same quarter in the prior year, the business earned $0.76 earnings per share. Equities research analysts forecast that Amalgamated Financial Corp. will post 3.46 earnings per share for the current year.
Amalgamated Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.33%. Amalgamated Financial's dividend payout ratio is presently 14.12%.
Insider Activity at Amalgamated Financial
In related news, major shareholder Regional Joint Board Rochester sold 55,875 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $34.32, for a total value of $1,917,630.00. Following the sale, the insider now owns 355,893 shares in the company, valued at $12,214,247.76. This represents a 13.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder United Canada Council Workers sold 44,577 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $29.97, for a total transaction of $1,335,972.69. Following the transaction, the insider now directly owns 384,980 shares of the company's stock, valued at $11,537,850.60. This represents a 10.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 718,890 shares of company stock valued at $24,995,731 in the last ninety days. Corporate insiders own 0.90% of the company's stock.
Amalgamated Financial Company Profile
(
Free Report)
Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.
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