19,783 Shares in Libbey Inc. (NYSE:LBY) Acquired by Algert Global LLC
Algert Global LLC purchased a new position in Libbey Inc. (NYSE:LBY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,783 shares of the company’s stock, valued at approximately $159,000.
Separately, Strs Ohio boosted its position in shares of Libbey by 7.3% in the second quarter. Strs Ohio now owns 33,800 shares of the company’s stock worth $272,000 after buying an additional 2,300 shares during the last quarter.
Libbey Inc. (NYSE LBY) opened at 8.26 on Friday. The company’s market cap is $181.84 million. The company has a 50-day moving average of $8.10 and a 200-day moving average of $11.42. Libbey Inc. has a 52 week low of $7.33 and a 52 week high of $20.76.
Libbey (NYSE:LBY) last posted its earnings results on Tuesday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.16. Libbey had a negative return on equity of 18.44% and a negative net margin of 3.78%. The company had revenue of $197.50 million for the quarter, compared to analyst estimates of $198.29 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities analysts expect that Libbey Inc. will post $0.30 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Tuesday, August 8th will be paid a $0.1175 dividend. The ex-dividend date of this dividend is Friday, August 4th. This represents a $0.47 annualized dividend and a yield of 5.69%.
COPYRIGHT VIOLATION NOTICE: This report was published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/13/19783-shares-in-libbey-inc-nyselby-acquired-by-algert-global-llc.html.
Separately, Zacks Investment Research upgraded shares of Libbey from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
In related news, CEO William A. Foley bought 5,000 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were bought at an average price of $8.13 per share, for a total transaction of $40,650.00. Following the completion of the purchase, the chief executive officer now directly owns 52,732 shares of the company’s stock, valued at $428,711.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Salvador Minarro bought 10,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of $8.43 per share, for a total transaction of $84,300.00. Following the purchase, the vice president now directly owns 10,000 shares of the company’s stock, valued at $84,300. The disclosure for this purchase can be found here. Insiders acquired 18,000 shares of company stock worth $149,550 in the last quarter.
Libbey Company Profile
Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.
Want to see what other hedge funds are holding LBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Libbey Inc. (NYSE:LBY).
Receive News & Ratings for Libbey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Libbey Inc. and related companies with MarketBeat.com's FREE daily email newsletter.