Lazard Asset Management LLC Grows Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

Lazard Asset Management LLC boosted its stake in shares of Amalgamated Financial Corp. (NASDAQ:AMALGet Rating) by 59.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,059 shares of the company’s stock after purchasing an additional 1,878 shares during the period. Lazard Asset Management LLC’s holdings in Amalgamated Financial were worth $100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Isthmus Partners LLC lifted its position in Amalgamated Financial by 0.4% during the second quarter. Isthmus Partners LLC now owns 108,008 shares of the company’s stock valued at $2,136,000 after purchasing an additional 419 shares in the last quarter. Reynders McVeigh Capital Management LLC raised its holdings in Amalgamated Financial by 5.0% during the second quarter. Reynders McVeigh Capital Management LLC now owns 133,158 shares of the company’s stock valued at $2,634,000 after acquiring an additional 6,350 shares during the period. Nia Impact Advisors LLC bought a new stake in Amalgamated Financial during the second quarter valued at about $642,000. DekaBank Deutsche Girozentrale raised its holdings in Amalgamated Financial by 17.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 388,884 shares of the company’s stock valued at $7,560,000 after acquiring an additional 58,586 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Amalgamated Financial during the second quarter valued at about $126,000. 37.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amalgamated Financial

In other news, VP Sam D. Brown sold 6,961 shares of Amalgamated Financial stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $25.32, for a total value of $176,252.52. Following the sale, the vice president now directly owns 1,855 shares of the company’s stock, valued at $46,968.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Sam D. Brown sold 1,339 shares of Amalgamated Financial stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $25.01, for a total value of $33,488.39. Following the sale, the vice president now directly owns 8,816 shares of the company’s stock, valued at $220,488.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sam D. Brown sold 6,961 shares of Amalgamated Financial stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $25.32, for a total value of $176,252.52. Following the completion of the sale, the vice president now directly owns 1,855 shares in the company, valued at $46,968.60. The disclosure for this sale can be found here. Insiders own 2.12% of the company’s stock.

Amalgamated Financial Price Performance

NASDAQ:AMAL opened at $25.52 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.31. The business’s 50-day simple moving average is $23.65 and its two-hundred day simple moving average is $22.15. The stock has a market cap of $782.75 million, a PE ratio of 11.00 and a beta of 0.75. Amalgamated Financial Corp. has a 52 week low of $15.23 and a 52 week high of $26.43.

Amalgamated Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Wednesday, November 9th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. Amalgamated Financial’s dividend payout ratio is presently 17.24%.

Amalgamated Financial 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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