De Lisle Partners LLP Has $6.64 Million Holdings in Friedman Industries, Incorporated (NYSEAMERICAN:FRD)

De Lisle Partners LLP grew its stake in Friedman Industries, Incorporated (NYSEAMERICAN:FRD) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,816 shares of the company’s stock after purchasing an additional 11,689 shares during the period. Friedman Industries comprises about 1.1% of De Lisle Partners LLP’s investment portfolio, making the stock its 22nd biggest position. De Lisle Partners LLP owned about 0.06% of Friedman Industries worth $6,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Friedman Industries by 1.0% in the second quarter. Acadian Asset Management LLC now owns 135,794 shares of the company’s stock valued at $2,048,000 after purchasing an additional 1,337 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Friedman Industries by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 561,702 shares of the company’s stock worth $8,482,000 after buying an additional 1,591 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Friedman Industries by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 34,878 shares of the company’s stock worth $559,000 after buying an additional 1,742 shares during the period. Renaissance Technologies LLC boosted its stake in Friedman Industries by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 361,882 shares of the company’s stock valued at $5,464,000 after buying an additional 2,245 shares in the last quarter. Finally, Callahan Advisors LLC raised its stake in Friedman Industries by 8.6% during the second quarter. Callahan Advisors LLC now owns 54,131 shares of the company’s stock worth $817,000 after acquiring an additional 4,293 shares in the last quarter. Institutional investors own 33.26% of the company’s stock.

Insider Activity

In other Friedman Industries news, Director Max Alan Reichenthal bought 2,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of $14.00 per share, with a total value of $28,000.00. Following the acquisition, the director now owns 30,761 shares of the company’s stock, valued at approximately $430,654. The trade was a 6.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 7,065 shares of company stock valued at $98,156 over the last 90 days. 4.60% of the stock is owned by company insiders.

Friedman Industries Stock Down 2.0 %

FRD stock opened at $14.80 on Thursday. The firm has a market cap of $103.16 million, a P/E ratio of 13.25 and a beta of 1.38. Friedman Industries, Incorporated has a fifty-two week low of $11.15 and a fifty-two week high of $19.52.

Friedman Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.08%. Friedman Industries’s payout ratio is currently 14.04%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Friedman Industries from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th.

About Friedman Industries

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils.