Lydall, Inc. (NYSE:LDL) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. decreased its stake in Lydall, Inc. (NYSE:LDL) by 92.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,843 shares of the auto parts company’s stock after selling 21,167 shares during the period. Pinebridge Investments L.P.’s holdings in Lydall were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LDL. Royce & Associates LP boosted its holdings in shares of Lydall by 153.2% in the 1st quarter. Royce & Associates LP now owns 304,728 shares of the auto parts company’s stock valued at $7,149,000 after buying an additional 184,400 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Lydall by 20.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 684,380 shares of the auto parts company’s stock worth $16,056,000 after purchasing an additional 116,369 shares during the period. Olstein Capital Management L.P. acquired a new stake in Lydall during the 2nd quarter worth $1,212,000. Bank of New York Mellon Corp boosted its stake in Lydall by 15.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 310,394 shares of the auto parts company’s stock worth $6,270,000 after purchasing an additional 40,705 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Lydall by 44.0% during the 2nd quarter. Prudential Financial Inc. now owns 110,315 shares of the auto parts company’s stock worth $2,228,000 after purchasing an additional 33,700 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

NYSE:LDL traded down $0.02 during trading hours on Monday, reaching $24.40. 673 shares of the company’s stock were exchanged, compared to its average volume of 82,759. The firm has a market capitalization of $432.23 million, a price-to-earnings ratio of 14.09 and a beta of 1.93. The company has a 50-day moving average of $21.51 and a 200 day moving average of $21.78. The company has a quick ratio of 1.73, a current ratio of 2.40 and a debt-to-equity ratio of 0.81. Lydall, Inc. has a 1-year low of $17.90 and a 1-year high of $44.03.

Lydall (NYSE:LDL) last released its earnings results on Tuesday, July 30th. The auto parts company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Lydall had a net margin of 1.23% and a return on equity of 8.04%. The company had revenue of $220.80 million during the quarter, compared to analysts’ expectations of $226.97 million. During the same quarter last year, the business earned $0.70 EPS. The business’s revenue was up 59.5% on a year-over-year basis.

Lydall Profile

Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.

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Institutional Ownership by Quarter for Lydall (NYSE:LDL)

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