Martingale Asset Management L P Acquires 1,450 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Martingale Asset Management L P raised its holdings in Amalgamated Financial Corp. (NASDAQ:AMAL) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,873 shares of the company’s stock after purchasing an additional 1,450 shares during the quarter. Martingale Asset Management L P owned approximately 0.24% of Amalgamated Financial worth $2,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Amalgamated Financial by 17.4% in the second quarter. American Century Companies Inc. now owns 428,745 shares of the company’s stock valued at $11,748,000 after buying an additional 63,561 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Amalgamated Financial during the first quarter worth approximately $909,000. LSV Asset Management acquired a new position in shares of Amalgamated Financial during the second quarter worth approximately $1,378,000. Deerfield Management Company L.P. Series C acquired a new stake in shares of Amalgamated Financial in the second quarter valued at approximately $1,219,000. Finally, Harrington Investments INC raised its position in Amalgamated Financial by 1.0% in the 2nd quarter. Harrington Investments INC now owns 75,900 shares of the company’s stock worth $2,080,000 after purchasing an additional 760 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insider Buying and Selling at Amalgamated Financial

In other news, EVP Sean Searby sold 8,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $34.14, for a total value of $273,120.00. Following the completion of the transaction, the executive vice president now owns 15,802 shares of the company’s stock, valued at $539,480.28. The trade was a 33.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder United Canada Council Workers sold 82,464 shares of Amalgamated Financial stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $2,560,507.20. Following the transaction, the insider now owns 440,401 shares in the company, valued at approximately $13,674,451.05. This represents a 15.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 718,890 shares of company stock worth $24,995,731. Insiders own 0.90% of the company’s stock.

Amalgamated Financial Stock Down 1.3 %

Shares of AMAL opened at $35.63 on Friday. The business’s fifty day moving average price is $33.85 and its two-hundred day moving average price is $30.30. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.48 and a beta of 0.91. Amalgamated Financial Corp. has a 52 week low of $20.61 and a 52 week high of $38.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm had revenue of $111.76 million during the quarter, compared to analysts’ expectations of $79.50 million. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. During the same period in the previous year, the business posted $0.76 EPS. On average, analysts predict that Amalgamated Financial Corp. will post 3.46 earnings per share for the current year.

Amalgamated Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Tuesday, November 5th. Amalgamated Financial’s dividend payout ratio is presently 14.12%.

Amalgamated Financial Profile

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.