Pembroke Management LTD increased its holdings in Albany International Corporation (NYSE:AIN) by 23.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 244,400 shares of the textile maker’s stock after purchasing an additional 47,000 shares during the period. Pembroke Management LTD owned approximately 0.76% of Albany International Corporation worth $14,029,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Riverhead Capital Management LLC increased its position in Albany International Corporation by 71.3% in the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the textile maker’s stock worth $128,000 after purchasing an additional 998 shares during the last quarter. Flinton Capital Management LLC increased its position in Albany International Corporation by 72.2% in the second quarter. Flinton Capital Management LLC now owns 2,604 shares of the textile maker’s stock worth $139,000 after purchasing an additional 1,092 shares during the last quarter. Amalgamated Bank bought a new stake in Albany International Corporation in the second quarter worth $214,000. Pinnacle Associates Ltd. bought a new stake in Albany International Corporation in the second quarter worth $220,000. Finally, Miles Capital Inc. bought a new stake in Albany International Corporation in the second quarter worth $229,000. Institutional investors own 91.58% of the company’s stock.
Albany International Corporation (AIN) traded up $1.45 during midday trading on Wednesday, reaching $63.90. 148,300 shares of the company’s stock traded hands, compared to its average volume of 126,379. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.49 and a quick ratio of 1.76. The stock has a market capitalization of $2,060.00, a price-to-earnings ratio of 40.29 and a beta of 1.72. Albany International Corporation has a 52 week low of $43.45 and a 52 week high of $64.05.
Albany International Corporation (NYSE:AIN) last posted its quarterly earnings data on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.42 by $0.15. The company had revenue of $222.14 million during the quarter. Albany International Corporation had a net margin of 5.06% and a return on equity of 9.24%. During the same period in the previous year, the firm earned $0.41 earnings per share.
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Albany International Corporation Profile
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.
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