Alambic Investment Management L.P. Buys New Stake in Libbey Inc. (LBY)
Alambic Investment Management L.P. bought a new position in Libbey Inc. (NYSEAMERICAN:LBY) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 21,117 shares of the company’s stock, valued at approximately $159,000. Alambic Investment Management L.P. owned 0.10% of Libbey as of its most recent SEC filing.
A number of other large investors have also modified their holdings of LBY. California Public Employees Retirement System increased its position in shares of Libbey by 24.7% in the third quarter. California Public Employees Retirement System now owns 124,726 shares of the company’s stock valued at $1,155,000 after acquiring an additional 24,726 shares during the period. Spitfire Capital LLC increased its position in shares of Libbey by 6.0% in the third quarter. Spitfire Capital LLC now owns 961,437 shares of the company’s stock valued at $8,903,000 after acquiring an additional 54,281 shares during the period. GSA Capital Partners LLP increased its position in shares of Libbey by 153.4% in the third quarter. GSA Capital Partners LLP now owns 119,100 shares of the company’s stock valued at $1,103,000 after acquiring an additional 72,096 shares during the period. Finally, Royce & Associates LP purchased a new position in shares of Libbey in the third quarter valued at about $2,222,000.
LBY has been the topic of a number of research reports. Zacks Investment Research lowered shares of Libbey from a “hold” rating to a “strong sell” rating in a research note on Friday, November 3rd. TheStreet lowered shares of Libbey from a “c-” rating to a “d” rating in a research note on Tuesday, October 31st.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Wednesday, February 28th will be paid a $0.1175 dividend. This represents a $0.47 annualized dividend and a dividend yield of 7.85%. The ex-dividend date is Tuesday, February 27th. This is an increase from Libbey’s previous quarterly dividend of $0.12. Libbey’s dividend payout ratio is currently -11.72%.
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Libbey Company Profile
Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.
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