GSA Capital Partners LLP Grows Position in Alamo Group, Inc. (ALG)

GSA Capital Partners LLP increased its holdings in Alamo Group, Inc. (NYSE:ALG) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 6,619 shares of the industrial products company’s stock after buying an additional 585 shares during the quarter. GSA Capital Partners LLP’s holdings in Alamo Group were worth $512,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new position in shares of Alamo Group during the fourth quarter worth $43,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Alamo Group in the 3rd quarter valued at about $210,000. Oregon Public Employees Retirement Fund bought a new stake in Alamo Group in the 4th quarter valued at about $283,000. Xact Kapitalforvaltning AB boosted its holdings in Alamo Group by 39.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 4,279 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 1,200 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new stake in Alamo Group in the 4th quarter valued at about $425,000. 92.18% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Dan Edward Malone sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $98.48, for a total value of $64,012.00. Following the completion of the transaction, the chief financial officer now directly owns 15,875 shares in the company, valued at approximately $1,563,370. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rick Parod acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $98.13 per share, with a total value of $98,130.00. Following the completion of the transaction, the director now owns 2,696 shares in the company, valued at $264,558.48. The disclosure for this purchase can be found here. Insiders own 3.48% of the company’s stock.

NYSE ALG opened at $98.22 on Friday. The company has a quick ratio of 2.74, a current ratio of 4.49 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.63 and a beta of 0.86. Alamo Group, Inc. has a 12-month low of $72.50 and a 12-month high of $119.16.

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Alamo Group Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.

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Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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