R Squared Ltd Invests $485,000 in Amalgamated Financial Corp. $AMAL

R Squared Ltd acquired a new position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,133 shares of the company’s stock, valued at approximately $485,000. R Squared Ltd owned approximately 0.05% of Amalgamated Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMAL. Millennium Management LLC boosted its position in shares of Amalgamated Financial by 63.7% in the third quarter. Millennium Management LLC now owns 522,598 shares of the company’s stock worth $14,189,000 after buying an additional 203,440 shares during the period. First Trust Advisors LP boosted its position in shares of Amalgamated Financial by 616.8% in the second quarter. First Trust Advisors LP now owns 132,681 shares of the company’s stock worth $4,140,000 after buying an additional 114,171 shares during the period. Credit Agricole S A acquired a new stake in shares of Amalgamated Financial in the third quarter worth $2,839,000. Dimensional Fund Advisors LP increased its holdings in shares of Amalgamated Financial by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,407,173 shares of the company’s stock valued at $38,205,000 after purchasing an additional 54,885 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Amalgamated Financial by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 1,434,372 shares of the company’s stock worth $45,943,000 after purchasing an additional 49,037 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insider Transactions at Amalgamated Financial

In other Amalgamated Financial news, EVP Sean Searby sold 4,948 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $39.42, for a total value of $195,050.16. Following the completion of the sale, the executive vice president owned 23,055 shares of the company’s stock, valued at $908,828.10. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Tyrone Graham sold 2,285 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $39.91, for a total value of $91,194.35. Following the completion of the sale, the executive vice president directly owned 13,443 shares of the company’s stock, valued at $536,510.13. This represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,482 shares of company stock worth $335,658 in the last 90 days. Corporate insiders own 1.63% of the company’s stock.

Analyst Ratings Changes

AMAL has been the subject of a number of research analyst reports. Piper Sandler increased their price target on shares of Amalgamated Financial from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings raised shares of Amalgamated Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Amalgamated Financial Stock Performance

Shares of NASDAQ AMAL opened at $41.15 on Wednesday. The business’s 50-day moving average price is $39.67 and its two-hundred day moving average price is $34.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.67 and a quick ratio of 0.67. Amalgamated Financial Corp. has a one year low of $25.13 and a one year high of $44.01. The company has a market capitalization of $1.23 billion, a P/E ratio of 11.96 and a beta of 0.82.

Amalgamated Financial (NASDAQ:AMAL) last issued its earnings results on Thursday, April 23rd. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15). Amalgamated Financial had a net margin of 22.33% and a return on equity of 14.04%. The firm had revenue of $91.36 million during the quarter, compared to analysts’ expectations of $91.16 million. Analysts anticipate that Amalgamated Financial Corp. will post 3.92 earnings per share for the current fiscal year.

Amalgamated Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Tuesday, May 5th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Amalgamated Financial’s payout ratio is 19.77%.

Amalgamated Financial Company Profile

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.