Gilman Hill Asset Management LLC Trims Holdings in Albany International Corp. (NYSE:AIN)

Gilman Hill Asset Management LLC trimmed its position in Albany International Corp. (NYSE:AIN – Get Rating) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,374 shares of the textile maker’s stock after selling 220 shares during the quarter. Gilman Hill Asset Management LLC owned about 0.06% of Albany International worth $1,718,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AIN. Confluence Wealth Services Inc. purchased a new position in Albany International during the fourth quarter valued at approximately $27,000. US Asset Management LLC purchased a new position in shares of Albany International during the 1st quarter valued at approximately $71,000. Crossmark Global Holdings Inc. acquired a new position in shares of Albany International in the 4th quarter valued at $219,000. CIBC Asset Management Inc purchased a new stake in Albany International during the fourth quarter worth $224,000. Finally, Diversified Trust Co boosted its holdings in Albany International by 9.1% during the first quarter. Diversified Trust Co now owns 3,000 shares of the textile maker’s stock worth $253,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 99.64% of the company’s stock.

NYSE AIN traded down $0.21 during mid-day trading on Thursday, reaching $77.26. 487 shares of the stock were exchanged, compared to its average volume of 123,532. The business’s 50 day moving average is $81.67 and its 200-day moving average is $84.50. Albany International Corp. has a 1 year low of $74.17 and a 1 year high of $93.43. The company has a market capitalization of $2.43 billion, a P/E ratio of 21.11, a P/E/G ratio of 4.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.73 and a current ratio of 4.43.

Albany International (NYSE:AIN – Get Rating) last announced its quarterly earnings results on Monday, April 25th. The textile maker reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. The firm had revenue of $244.17 million for the quarter, compared to the consensus estimate of $225.57 million. Albany International had a net margin of 12.47% and a return on equity of 13.36%. During the same period in the prior year, the firm posted $0.87 earnings per share. Equities analysts predict that Albany International Corp. will post 3.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Tuesday, June 7th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Monday, June 6th. Albany International’s dividend payout ratio is presently 22.89%.

Separately, StockNews.com began coverage on shares of Albany International in a report on Thursday, March 31st. They set a “buy” rating on the stock.

Albany International Profile (Get Rating)

Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, and towels.

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