Friedman Industries, Incorporated (NYSEAMERICAN:FRD) Stock Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Friedman Industries, Incorporated (NYSEAMERICAN:FRD) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 561,702 shares of the company’s stock after acquiring an additional 1,591 shares during the period. Dimensional Fund Advisors LP owned about 8.06% of Friedman Industries worth $8,482,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FRD. Empowered Funds LLC boosted its holdings in shares of Friedman Industries by 8.0% during the first quarter. Empowered Funds LLC now owns 30,796 shares of the company’s stock worth $577,000 after purchasing an additional 2,275 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Friedman Industries by 9.6% during the first quarter. Janney Montgomery Scott LLC now owns 32,526 shares of the company’s stock worth $610,000 after purchasing an additional 2,859 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Friedman Industries during the first quarter worth approximately $425,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Friedman Industries during the first quarter worth approximately $131,000. Finally, Acadian Asset Management LLC lifted its stake in Friedman Industries by 1.0% in the second quarter. Acadian Asset Management LLC now owns 135,794 shares of the company’s stock valued at $2,048,000 after acquiring an additional 1,337 shares during the last quarter. 33.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Friedman Industries news, Director Joe L. Williams bought 3,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average cost of $14.34 per share, with a total value of $43,020.00. Following the purchase, the director now owns 31,574 shares in the company, valued at $452,771.16. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Max Alan Reichenthal acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $14.00 per share, with a total value of $28,000.00. Following the acquisition, the director now owns 30,761 shares in the company, valued at $430,654. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joe L. Williams acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was bought at an average cost of $14.34 per share, with a total value of $43,020.00. Following the acquisition, the director now owns 31,574 shares in the company, valued at $452,771.16. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 9,365 shares of company stock valued at $134,261 in the last ninety days. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Friedman Industries from a “buy” rating to a “hold” rating in a research report on Sunday.

Friedman Industries Stock Performance

Shares of NYSEAMERICAN:FRD opened at $16.21 on Tuesday. Friedman Industries, Incorporated has a 52 week low of $9.50 and a 52 week high of $19.52. The firm has a market capitalization of $112.98 million, a PE ratio of 6.78 and a beta of 1.37.

Friedman Industries (NYSEAMERICAN:FRD) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter. Friedman Industries had a net margin of 2.48% and a return on equity of 9.65%. The business had revenue of $114.55 million for the quarter.

Friedman Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.99%. Friedman Industries’s dividend payout ratio (DPR) is presently 6.69%.

Friedman Industries Company Profile

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils.