Wedge Capital Management L L P NC Takes Position in Shiloh Industries, Inc. (SHLO)

Wedge Capital Management L L P NC purchased a new stake in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 83,100 shares of the basic materials company’s stock, valued at approximately $681,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Shiloh Industries by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,531,531 shares of the basic materials company’s stock valued at $15,928,000 after purchasing an additional 72,896 shares in the last quarter. Weber Alan W boosted its stake in Shiloh Industries by 69.1% during the 3rd quarter. Weber Alan W now owns 501,679 shares of the basic materials company’s stock valued at $5,217,000 after purchasing an additional 205,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in Shiloh Industries by 16.4% during the 2nd quarter. Vanguard Group Inc. now owns 384,329 shares of the basic materials company’s stock valued at $4,512,000 after purchasing an additional 54,154 shares in the last quarter. Algert Global LLC boosted its stake in shares of Shiloh Industries by 54.4% during the 3rd quarter. Algert Global LLC now owns 190,712 shares of the basic materials company’s stock worth $1,983,000 after acquiring an additional 67,233 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in shares of Shiloh Industries during the 3rd quarter worth $1,976,000. 42.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Shiloh Industries, Inc. (NASDAQ SHLO) opened at $7.18 on Friday. The firm has a market capitalization of $171.59, a price-to-earnings ratio of 13.87 and a beta of 1.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.08 and a current ratio of 1.36. Shiloh Industries, Inc. has a one year low of $6.45 and a one year high of $16.69.

Shiloh Industries (NASDAQ:SHLO) last released its quarterly earnings data on Friday, January 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.06). The company had revenue of $264.20 million for the quarter, compared to the consensus estimate of $265.32 million. Shiloh Industries had a positive return on equity of 6.27% and a negative net margin of 0.07%. research analysts anticipate that Shiloh Industries, Inc. will post 0.8 earnings per share for the current year.

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Shiloh Industries Company Profile

Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.

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Institutional Ownership by Quarter for Shiloh Industries (NASDAQ:SHLO)

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