Albany International Corporation (AIN) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Albany International Corporation (NYSE:AIN) by 47.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,702 shares of the textile maker’s stock after buying an additional 1,189 shares during the period. Victory Capital Management Inc.’s holdings in Albany International Corporation were worth $170,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AIN. State of Alaska Department of Revenue boosted its stake in shares of Albany International Corporation by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,190 shares of the textile maker’s stock valued at $146,000 after buying an additional 60 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Albany International Corporation by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,661 shares of the textile maker’s stock valued at $170,000 after buying an additional 61 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Albany International Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the textile maker’s stock valued at $543,000 after buying an additional 200 shares during the last quarter. Bbva Compass Bancshares Inc. raised its position in Albany International Corporation by 6.7% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,152 shares of the textile maker’s stock valued at $283,000 after buying an additional 384 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in Albany International Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,758 shares of the textile maker’s stock valued at $311,000 after buying an additional 443 shares during the last quarter. 86.92% of the stock is currently owned by institutional investors.

Shares of Albany International Corporation (NYSE AIN) traded up 0.75% during trading on Wednesday, hitting $54.05. 121,876 shares of the stock traded hands. Albany International Corporation has a 12 month low of $37.00 and a 12 month high of $55.15. The company has a 50 day moving average price of $52.22 and a 200 day moving average price of $48.05. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 34.67 and a beta of 1.73.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Wednesday, June 7th were given a dividend of $0.17 per share. The ex-dividend date was Monday, June 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. Albany International Corporation’s dividend payout ratio (DPR) is currently 43.59%.

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Separately, BidaskClub lowered shares of Albany International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday.

About Albany International Corporation

Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.

Institutional Ownership by Quarter for Albany International Corporation (NYSE:AIN)

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