The stock last traded at $60.35 a tad higher than the 50 day moving average which is $57.02 and impressively higher than the 200 day moving average of $52.39. The 50 day moving average went up $3.33 or +5.83% and the 200 day average went up $7.96 or +15.19%. (NYSE:AIN) shares saw light trading volume with 74K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 9.53% under the normal average daily volume.
Investors are a little more bullish on the company lately if you evaluate the fall in short interest. The company experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -20.79%. Short interest fell from 876,507 to 694,307 over that period. Days to cover increased 2.0 to 8.0 and the short interest percentage is 0.02% as of October 13.
These firms have modified their investment in AIN. First Trust Advisors Lp trimmed its position by selling 11,274 shares a decrease of 45.6% in the quarter. First Trust Advisors Lp currently owns 13,450 shares with a value of $772,000. The total value of its holdings decreased 41.5%. Nationwide Fund Advisors divested its stake by shedding 4,417 shares a decrease of 16.8%. Nationwide Fund Advisors now controls 21,943 shares worth $1,260,000. The value of the position overall is down by 10.5%.
Parkside Financial Bank & Trust downsized its ownership by shedding 30 shares a decrease of 18.9% from 06/30/2017 to 09/30/2017. Parkside Financial Bank & Trust now holds 129 shares valued at $7,000. The total value of its holdings decreased 12.5%. As of the end of the quarter Aperio Group, LLC had acquired a total of 451 shares growing its position 4.7%. The value of the investment in (AIN) went from $508,000 to $572,000 a change of 12.6% quarter over quarter.
The company is so far trading up since yesterday’s close of $60.35. The company also recently announced a dividend for shareholders which was paid on Friday the 6th of October 2017. The dividend was $0.170 per share for the quarter which is $0.68 annualized. The dividend yield was $1.17. The ex-dividend date was set for Friday the 8th of September 2017.
The P/E ratio is 47.52 and the market cap is 1.94B. In the latest earnings report the EPS was $1.27 and is expected to be $1.90 for the current year with 32,099,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.51 with next year’s EPS projected to be $2.36.
Albany International Corp., launched on July 24, 1987, is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites..