Arrowstreet Capital Limited Partnership Acquires 245,626 Shares of TPI Composites Inc (TPIC)
Arrowstreet Capital Limited Partnership lifted its holdings in TPI Composites Inc (NASDAQ:TPIC) by 435.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 302,050 shares of the industrial products company’s stock after purchasing an additional 245,626 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in TPI Composites were worth $6,180,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of TPIC. Nationwide Fund Advisors lifted its position in shares of TPI Composites by 85.8% in the 2nd quarter. Nationwide Fund Advisors now owns 6,038 shares of the industrial products company’s stock worth $112,000 after buying an additional 2,788 shares during the last quarter. First Quadrant L P CA bought a new position in shares of TPI Composites in the 3rd quarter worth about $126,000. Royal Bank of Canada lifted its position in shares of TPI Composites by 70.2% in the 2nd quarter. Royal Bank of Canada now owns 9,338 shares of the industrial products company’s stock worth $172,000 after buying an additional 3,852 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of TPI Composites by 310.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,011 shares of the industrial products company’s stock worth $185,000 after buying an additional 7,571 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of TPI Composites in the 3rd quarter worth about $211,000. Institutional investors own 33.00% of the company’s stock.
In other TPI Composites news, Director Daniel G. Weiss sold 51,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $19.14, for a total transaction of $976,140.00. Following the sale, the director now directly owns 2,880 shares in the company, valued at approximately $55,123.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Investors L. P. Angeleno II sold 32,388 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $18.79, for a total transaction of $608,570.52. The disclosure for this sale can be found here. Company insiders own 73.70% of the company’s stock.
Shares of TPI Composites Inc (NASDAQ:TPIC) opened at $20.39 on Friday. The firm has a market cap of $674.08, a PE ratio of 19.99 and a beta of -0.59. TPI Composites Inc has a 52-week low of $15.26 and a 52-week high of $26.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 0.93.
TPI Composites Profile
TPI Composites, Inc manufactures composite wind blades. The Company operates through four segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa plant; the manufacturing of precision molding and assembly systems used for the manufacture of wind blades in its Warren, Rhode Island facility, and the manufacturing of composite solutions for the transportation industry, which it also conducts in its Rhode Island and Massachusetts facilities.
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