Arjuna Capital Has $5.31 Million Stock Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

Arjuna Capital decreased its position in Amalgamated Financial Corp. (NASDAQ:AMAL) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,218 shares of the company’s stock after selling 6,962 shares during the period. Amalgamated Financial comprises approximately 1.4% of Arjuna Capital’s holdings, making the stock its 22nd largest holding. Arjuna Capital’s holdings in Amalgamated Financial were worth $5,308,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Amalgamated Financial by 679.7% in the 2nd quarter. CWM LLC now owns 1,380 shares of the company’s stock valued at $38,000 after acquiring an additional 1,203 shares in the last quarter. US Bancorp DE raised its holdings in Amalgamated Financial by 28.4% in the 3rd quarter. US Bancorp DE now owns 2,312 shares of the company’s stock valued at $73,000 after acquiring an additional 512 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Amalgamated Financial in the 1st quarter valued at approximately $126,000. DekaBank Deutsche Girozentrale raised its holdings in Amalgamated Financial by 12.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock valued at $126,000 after acquiring an additional 528 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Amalgamated Financial in the 2nd quarter valued at approximately $213,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insider Activity

In related news, major shareholder States Regional Joint Western sold 175,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $37.24, for a total transaction of $6,517,000.00. Following the sale, the insider now directly owns 7,558,575 shares in the company, valued at $281,481,333. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder States Regional Joint Western sold 175,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $37.24, for a total transaction of $6,517,000.00. Following the sale, the insider now directly owns 7,558,575 shares in the company, valued at $281,481,333. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Searby sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $34.14, for a total value of $273,120.00. Following the sale, the executive vice president now owns 15,802 shares in the company, valued at approximately $539,480.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 501,428 shares of company stock worth $17,113,663. Company insiders own 0.90% of the company’s stock.

Amalgamated Financial Price Performance

Shares of AMAL stock traded up $0.52 during trading hours on Wednesday, hitting $37.21. The company had a trading volume of 67,983 shares, compared to its average volume of 149,547. Amalgamated Financial Corp. has a 12 month low of $20.05 and a 12 month high of $38.19. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.79 and a beta of 0.91. The firm’s fifty day moving average is $32.60 and its 200 day moving average is $29.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. The company had revenue of $111.76 million for the quarter, compared to analyst estimates of $79.50 million. During the same period in the prior year, the company posted $0.76 EPS. On average, sell-side analysts predict that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.29%. Amalgamated Financial’s dividend payout ratio is currently 14.12%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $35.00 price target (up previously from $30.00) on shares of Amalgamated Financial in a report on Monday, July 29th.

About Amalgamated Financial

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.