11,505 Shares in Luxfer Holdings PLC (NYSE:LXFR) Bought by Algert Global LLC

Algert Global LLC bought a new stake in Luxfer Holdings PLC (NYSE:LXFR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,505 shares of the industrial products company’s stock, valued at approximately $133,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Luxfer by 378.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,162 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 46,012 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in Luxfer in the first quarter valued at about $432,000. First Eagle Investment Management LLC grew its position in Luxfer by 17.4% in the second quarter. First Eagle Investment Management LLC now owns 287,707 shares of the industrial products company’s stock valued at $3,335,000 after acquiring an additional 42,668 shares during the last quarter. Kennedy Capital Management LLC bought a new position in Luxfer in the first quarter valued at about $2,242,000. Finally, Los Angeles Capital Management LLC bought a new position in Luxfer in the second quarter valued at about $656,000. Institutional investors own 90.82% of the company’s stock.

Luxfer Stock Performance

Luxfer stock opened at $13.00 on Friday. The business’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $11.42. Luxfer Holdings PLC has a 12-month low of $7.55 and a 12-month high of $13.52. The stock has a market cap of $356.38 million, a PE ratio of -68.42, a P/E/G ratio of 2.48 and a beta of 0.91. The company has a quick ratio of 1.21, a current ratio of 2.39 and a debt-to-equity ratio of 0.36.

Luxfer (NYSE:LXFR) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Luxfer had a positive return on equity of 6.24% and a negative net margin of 1.28%. The firm had revenue of $99.70 million for the quarter, compared to analyst estimates of $99.70 million. As a group, analysts expect that Luxfer Holdings PLC will post 0.75 earnings per share for the current fiscal year.

Luxfer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, October 18th. Luxfer’s payout ratio is -273.68%.

Insider Activity

In related news, insider Graham Wardlow sold 6,500 shares of Luxfer stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the transaction, the insider now directly owns 29,008 shares of the company’s stock, valued at $314,156.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.17% of the company’s stock.

About Luxfer

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.