Rhumbline Advisers Boosts Holdings in Albany International Corp. (AIN)
Rhumbline Advisers boosted its position in shares of Albany International Corp. (NYSE:AIN) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,201 shares of the textile maker’s stock after buying an additional 1,116 shares during the period. Rhumbline Advisers owned 0.20% of Albany International worth $3,743,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its holdings in shares of Albany International by 71.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,398 shares of the textile maker’s stock worth $128,000 after purchasing an additional 998 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in shares of Albany International by 72.2% during the 2nd quarter. Flinton Capital Management LLC now owns 2,604 shares of the textile maker’s stock worth $139,000 after purchasing an additional 1,092 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Albany International during the 2nd quarter worth approximately $214,000. Pinnacle Associates Ltd. acquired a new position in shares of Albany International during the 2nd quarter worth approximately $220,000. Finally, Miles Capital Inc. acquired a new position in shares of Albany International during the 2nd quarter worth approximately $229,000. Institutional investors own 90.53% of the company’s stock.
Albany International Corp. (AIN) opened at $63.50 on Thursday. The firm has a market capitalization of $2,039.87, a P/E ratio of 40.87 and a beta of 1.72. Albany International Corp. has a twelve month low of $43.45 and a twelve month high of $65.65. The company has a current ratio of 2.49, a quick ratio of 1.76 and a debt-to-equity ratio of 0.80.
Albany International (NYSE:AIN) last issued its earnings results on Monday, October 30th. The textile maker reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.15. The business had revenue of $222.14 million for the quarter. Albany International had a return on equity of 9.24% and a net margin of 5.06%. During the same quarter in the prior year, the firm earned $0.41 earnings per share.
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Albany International Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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