According to Zacks, “Real Industry, Inc. is a holding company which invests in businesses primarily in the United States industrial and commercial marketplace. Real Industry Inc., formerly known as Signature Group Holdings, Inc., is based in Sherman Oaks, United States. “
Separately, B. Riley reiterated a buy rating and issued a $16.00 target price on shares of Real Industry in a research report on Tuesday, August 9th.
Real Industry (NASDAQ:RELY) opened at 5.60 on Tuesday. The firm’s market cap is $163.81 million. The firm’s 50-day moving average price is $6.28 and its 200-day moving average price is $7.61. Real Industry has a 52-week low of $5.30 and a 52-week high of $10.80.
Real Industry (NASDAQ:RELY) last posted its earnings results on Tuesday, August 9th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm earned $320.90 million during the quarter, compared to the consensus estimate of $323.39 million. Real Industry had a negative return on equity of 8.73% and a negative net margin of 1.13%. The business’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period last year, the company earned ($0.53) earnings per share. Equities research analysts expect that Real Industry will post ($0.70) EPS for the current year.
In related news, Director Real Industry, Inc. acquired 5,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was bought at an average cost of $6.45 per share, for a total transaction of $32,250.00. Following the completion of the transaction, the director now directly owns 82,059 shares of the company’s stock, valued at $529,280.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick Deconinck acquired 10,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were bought at an average price of $7.61 per share, with a total value of $76,100.00. Following the completion of the transaction, the director now directly owns 39,711 shares of the company’s stock, valued at $302,200.71. The disclosure for this purchase can be found here. 5.00% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Real Industry by 983.5% in the second quarter. BlackRock Inc. now owns 15,721 shares of the company’s stock worth $122,000 after buying an additional 14,270 shares during the period. Bank of Montreal Can bought a new position in shares of Real Industry during the second quarter worth about $131,000. Berson & Corrado Investment Advisors LLC bought a new position in shares of Real Industry during the second quarter worth about $140,000. Nationwide Fund Advisors increased its position in shares of Real Industry by 11.2% in the second quarter. Nationwide Fund Advisors now owns 20,559 shares of the company’s stock worth $160,000 after buying an additional 2,070 shares during the period. Finally, Mesirow Financial Investment Management Equity Management bought a new position in shares of Real Industry during the second quarter worth about $163,000. Institutional investors own 57.29% of the company’s stock.
Real Industry Company Profile
Real Industry, Inc is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc (Real Alloy), which is engaged in aluminum recycling. The Company’s segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico.
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