R Squared Ltd Makes New Investment in Amalgamated Financial Corp. $AMAL

R Squared Ltd purchased a new position in Amalgamated Financial Corp. (NASDAQ:AMAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,133 shares of the company’s stock, valued at approximately $485,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Intech Investment Management LLC lifted its position in shares of Amalgamated Financial by 3.4% in the third quarter. Intech Investment Management LLC now owns 11,628 shares of the company’s stock worth $316,000 after buying an additional 383 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Amalgamated Financial by 56.7% in the second quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock worth $34,000 after buying an additional 391 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Amalgamated Financial by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock worth $306,000 after purchasing an additional 468 shares during the last quarter. CWM LLC lifted its position in shares of Amalgamated Financial by 41.2% during the 4th quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $60,000 after purchasing an additional 549 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC lifted its position in shares of Amalgamated Financial by 1.1% during the 3rd quarter. Figure 8 Investment Strategies LLC now owns 84,422 shares of the company’s stock worth $2,292,000 after purchasing an additional 936 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Amalgamated Financial Price Performance

NASDAQ AMAL opened at $41.15 on Wednesday. Amalgamated Financial Corp. has a twelve month low of $25.13 and a twelve month high of $44.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $1.23 billion, a PE ratio of 11.96 and a beta of 0.82. The stock has a 50-day simple moving average of $39.67 and a 200 day simple moving average of $34.91.

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

Amalgamated Financial Announces Dividend

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

Analysts Set New Price Targets

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

Insider Activity at Amalgamated Financial

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

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.