Synalloy Co. (NASDAQ:SYNL) CEO Craig C. Bram acquired 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were acquired at an average cost of $22.27 per share, for a total transaction of $40,086.00. Following the completion of the acquisition, the chief executive officer now owns 226,441 shares of the company’s stock, valued at $5,042,841.07. The transaction was disclosed in a filing with the SEC, which is available through this link.

SYNL traded down $0.90 during trading on Friday, hitting $19.85. The stock had a trading volume of 16,679 shares, compared to its average volume of 21,586. The company has a market cap of $201.13 million, a price-to-earnings ratio of 16.21 and a beta of 0.06. Synalloy Co. has a twelve month low of $11.88 and a twelve month high of $24.80. The company has a quick ratio of 1.57, a current ratio of 3.93 and a debt-to-equity ratio of 0.55.

Synalloy (NASDAQ:SYNL) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $0.70 earnings per share for the quarter. The company had revenue of $71.89 million during the quarter. Synalloy had a net margin of 3.08% and a return on equity of 13.49%.

A number of institutional investors and hedge funds have recently made changes to their positions in SYNL. BlackRock Inc. boosted its stake in Synalloy by 277.3% in the second quarter. BlackRock Inc. now owns 505,910 shares of the industrial products company’s stock valued at $10,093,000 after acquiring an additional 371,825 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Synalloy by 320.4% during the second quarter. Northern Trust Corp now owns 88,721 shares of the industrial products company’s stock worth $1,770,000 after buying an additional 67,617 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Synalloy by 23.8% during the second quarter. Renaissance Technologies LLC now owns 213,874 shares of the industrial products company’s stock worth $4,267,000 after buying an additional 41,080 shares during the period. EAM Investors LLC acquired a new stake in shares of Synalloy during the second quarter worth $750,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Synalloy by 70.5% during the second quarter. Bank of New York Mellon Corp now owns 41,713 shares of the industrial products company’s stock worth $832,000 after buying an additional 17,242 shares during the period. Institutional investors own 55.67% of the company’s stock.

Separately, TheStreet upgraded shares of Synalloy from a “c+” rating to a “b” rating in a research note on Tuesday, July 10th.

About Synalloy

Synalloy Corporation engages in production and sale of stainless steel pipes, fiberglass, steel storage tanks, and specialty chemicals in the United States and internationally. The company operates in two segments, Metals and Specialty Chemicals. The Metals segment manufactures and sells stainless steel and other alloy pipes under the BRISMET trade name through authorized stocking distributors; and liquid storage solutions and separation equipment, as well as distributes seamless carbon pipes and tubes.

Featured Article: 52-Week High/Low

Receive News & Ratings for Synalloy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synalloy and related companies with MarketBeat.com's FREE daily email newsletter.