Isthmus Partners LLC Boosts Stock Position in Lydall, Inc. (NYSE:LDL)

Isthmus Partners LLC lifted its position in Lydall, Inc. (NYSE:LDL) by 107.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,243 shares of the auto parts company’s stock after buying an additional 26,019 shares during the quarter. Isthmus Partners LLC’s holdings in Lydall were worth $3,041,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Mutual of America Capital Management LLC raised its holdings in shares of Lydall by 7.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 2,434 shares of the auto parts company’s stock valued at $147,000 after buying an additional 168 shares during the period. State of Alaska Department of Revenue increased its holdings in Lydall by 3.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,837 shares of the auto parts company’s stock worth $716,000 after purchasing an additional 353 shares during the period. The PNC Financial Services Group Inc. increased its holdings in Lydall by 7.8% during the 1st quarter. The PNC Financial Services Group Inc. now owns 8,601 shares of the auto parts company’s stock worth $290,000 after purchasing an additional 625 shares during the period. Principal Financial Group Inc. increased its holdings in Lydall by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 116,617 shares of the auto parts company’s stock worth $3,935,000 after purchasing an additional 728 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Lydall by 5,630.0% during the 1st quarter. Captrust Financial Advisors now owns 1,719 shares of the auto parts company’s stock worth $58,000 after purchasing an additional 1,689 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.

NYSE LDL traded up $0.01 during trading hours on Wednesday, hitting $62.01. 440 shares of the company were exchanged, compared to its average volume of 191,188. The company has a 50 day moving average of $61.46 and a two-hundred day moving average of $46.87. The company has a quick ratio of 1.48, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. Lydall, Inc. has a 52-week low of $15.73 and a 52-week high of $62.10. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -1,033.16 and a beta of 3.08.

Lydall (NYSE:LDL) last issued its quarterly earnings results on Wednesday, July 28th. The auto parts company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.09. Lydall had a positive return on equity of 6.16% and a negative net margin of 0.07%.

Lydall Company Profile

Lydall, Inc engages in the design and manufacture of specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration, separation, thermal, and acoustical applications. It operates through the following segments: Performance Materials; Technical Nonwovens; and Thermal and Acoustical Solutions.

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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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