SG Americas Securities LLC Acquires New Shares in Amalgamated Financial Corp. (NASDAQ:AMAL)

SG Americas Securities LLC acquired a new stake in Amalgamated Financial Corp. (NASDAQ:AMALGet Rating) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,363 shares of the company’s stock, valued at approximately $126,000.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in Amalgamated Financial by 102.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 178,440 shares of the company’s stock worth $3,530,000 after purchasing an additional 90,301 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Amalgamated Financial by 888.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 53,337 shares of the company’s stock worth $1,055,000 after purchasing an additional 47,941 shares during the period. Amalgamated Bank acquired a new position in Amalgamated Financial in the 1st quarter worth $30,000. Harrington Investments INC boosted its stake in Amalgamated Financial by 11.0% in the 2nd quarter. Harrington Investments INC now owns 67,365 shares of the company’s stock worth $1,332,000 after purchasing an additional 6,655 shares during the period. Finally, Arjuna Capital boosted its stake in Amalgamated Financial by 0.6% in the 2nd quarter. Arjuna Capital now owns 126,305 shares of the company’s stock worth $2,498,000 after purchasing an additional 764 shares during the period. Institutional investors own 37.28% of the company’s stock.

Insider Transactions at Amalgamated Financial

In other news, VP Sam D. Brown sold 1,339 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $25.01, for a total transaction of $33,488.39. Following the completion of the transaction, the vice president now directly owns 8,816 shares in the company, valued at approximately $220,488.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.12% of the company’s stock.

Amalgamated Financial Price Performance

Shares of NASDAQ AMAL opened at $24.59 on Tuesday. The firm has a market cap of $754.22 million, a PE ratio of 10.60 and a beta of 0.75. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.31. Amalgamated Financial Corp. has a 1-year low of $15.23 and a 1-year high of $25.46. The company has a fifty day moving average price of $23.29 and a 200 day moving average price of $21.88.

Amalgamated Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Wednesday, November 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. Amalgamated Financial’s dividend payout ratio is 17.24%.

Amalgamated Financial Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Amalgamated Financial (NASDAQ:AMAL)

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