6,320 Shares in Alamo Group Inc. (NYSE:ALG) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in Alamo Group Inc. (NYSE:ALG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,320 shares of the industrial products company's stock, valued at approximately $1,138,000. GSA Capital Partners LLP owned approximately 0.05% of Alamo Group as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State of New Jersey Common Pension Fund D raised its position in Alamo Group by 10.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 10,705 shares of the industrial products company's stock valued at $1,928,000 after purchasing an additional 971 shares in the last quarter. JNBA Financial Advisors purchased a new position in shares of Alamo Group during the 3rd quarter valued at about $37,000. Harbor Capital Advisors Inc. lifted its position in Alamo Group by 152.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 46,449 shares of the industrial products company's stock worth $8,367,000 after buying an additional 28,054 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Alamo Group by 700.0% in the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company's stock worth $32,000 after buying an additional 154 shares in the last quarter. Finally, Tributary Capital Management LLC grew its position in Alamo Group by 9.7% during the third quarter. Tributary Capital Management LLC now owns 100,491 shares of the industrial products company's stock valued at $18,101,000 after acquiring an additional 8,851 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Insider Activity at Alamo Group

In other Alamo Group news, EVP Edward Rizzuti sold 276 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the transaction, the executive vice president now owns 8,439 shares of the company's stock, valued at approximately $1,653,031.32. This trade represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Richard Hodges Raborn sold 300 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total transaction of $54,384.00. Following the sale, the executive vice president now owns 11,061 shares in the company, valued at approximately $2,005,138.08. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 898 shares of company stock worth $165,856 over the last quarter. Corporate insiders own 1.40% of the company's stock.

Alamo Group Trading Up 0.7 %

Shares of NYSE ALG traded up $1.30 during mid-day trading on Friday, hitting $194.31. The stock had a trading volume of 98,699 shares, compared to its average volume of 76,546. The firm has a market cap of $2.34 billion, a P/E ratio of 19.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The business has a 50 day moving average price of $179.31 and a two-hundred day moving average price of $181.45. Alamo Group Inc. has a 1 year low of $163.74 and a 1 year high of $231.40.

Alamo Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. Alamo Group's dividend payout ratio is presently 10.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ALG shares. Robert W. Baird upped their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. DA Davidson lifted their price objective on Alamo Group from $209.00 to $219.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th.

Alamo Group Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor - and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.