Nantahala Capital Management LLC Trims Position in Luxfer Holdings PLC (NYSE:LXFR)

Nantahala Capital Management LLC decreased its holdings in Luxfer Holdings PLC (NYSE:LXFR) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 604,143 shares of the industrial products company’s stock after selling 81,110 shares during the quarter. Nantahala Capital Management LLC owned about 2.20% of Luxfer worth $7,002,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Luxfer by 378.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,162 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 46,012 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in Luxfer in the first quarter worth $432,000. First Eagle Investment Management LLC raised its holdings in Luxfer by 17.4% in the second quarter. First Eagle Investment Management LLC now owns 287,707 shares of the industrial products company’s stock worth $3,335,000 after purchasing an additional 42,668 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in Luxfer during the first quarter valued at $2,242,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Luxfer during the 2nd quarter valued at $656,000. Institutional investors own 90.82% of the company’s stock.

Insider Transactions at Luxfer

In other news, insider Graham Wardlow sold 6,500 shares of Luxfer stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the transaction, the insider now owns 29,008 shares of the company’s stock, valued at approximately $314,156.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.17% of the company’s stock.

Luxfer Stock Up 0.5 %

Shares of Luxfer stock opened at $12.95 on Tuesday. Luxfer Holdings PLC has a 1 year low of $7.55 and a 1 year high of $13.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.39 and a quick ratio of 1.21. The company has a 50-day moving average of $11.52 and a 200 day moving average of $11.30. The firm has a market cap of $355.01 million, a price-to-earnings ratio of 11.88, a PEG ratio of 2.40 and a beta of 0.90.

Luxfer (NYSE:LXFR) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $99.70 million during the quarter, compared to the consensus estimate of $99.70 million. Luxfer had a negative net margin of 1.28% and a positive return on equity of 6.24%. As a group, sell-side analysts anticipate that Luxfer Holdings PLC will post 0.75 earnings per share for the current fiscal year.

Luxfer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Friday, July 19th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Friday, July 19th. Luxfer’s dividend payout ratio (DPR) is 47.71%.

Luxfer Company Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.