Punch & Associates Investment Management Inc. lowered its stake in shares of BlueLinx Hlds (NYSE:BXC) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,000 shares of the construction company’s stock after selling 11,000 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in BlueLinx Hlds were worth $4,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alambic Investment Management L.P. acquired a new position in shares of BlueLinx Hlds during the first quarter valued at about $378,000. GSA Capital Partners LLP acquired a new position in shares of BlueLinx Hlds during the first quarter valued at about $446,000. Spark Investment Management LLC acquired a new position in shares of BlueLinx Hlds during the first quarter valued at about $459,000. Virtu Financial LLC acquired a new position in shares of BlueLinx Hlds during the fourth quarter valued at about $147,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of BlueLinx Hlds by 1,587.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,600 shares of the construction company’s stock valued at $162,000 after acquiring an additional 15,616 shares in the last quarter. Hedge funds and other institutional investors own 54.70% of the company’s stock.

In other news, VP Gary E. Cummings bought 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were purchased at an average price of $34.94 per share, for a total transaction of $80,362.00. Following the completion of the transaction, the vice president now directly owns 12,511 shares in the company, valued at $437,134.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dominic Dinapoli bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average price of $32.34 per share, for a total transaction of $80,850.00. Following the transaction, the director now owns 19,850 shares of the company’s stock, valued at $641,949. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 42,700 shares of company stock worth $1,363,300. Corporate insiders own 2.29% of the company’s stock.

BlueLinx Hlds opened at $41.21 on Thursday, according to MarketBeat Ratings. BlueLinx Hlds has a 52-week low of $7.57 and a 52-week high of $42.23. The company has a debt-to-equity ratio of 19.03, a quick ratio of 1.19 and a current ratio of 2.63. The stock has a market cap of $378.43 million, a PE ratio of 5.98 and a beta of 1.87.

BlueLinx Hlds (NYSE:BXC) last posted its quarterly earnings data on Thursday, May 3rd. The construction company reported $0.14 earnings per share (EPS) for the quarter. BlueLinx Hlds had a net margin of 2.68% and a return on equity of 2,028.12%. The firm had revenue of $437.49 million for the quarter.

BlueLinx Hlds Company Profile

BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes products in two principal categories, structural products and specialty products. The company's structural products include plywood, rebar and remesh, and lumber products, as well as oriented strand boards and other wood products primarily used for structural support, walls, and floorings in construction projects.

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Institutional Ownership by Quarter for BlueLinx Hlds (NYSE:BXC)

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