Bank of New York Mellon Corp lifted its stake in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) by 139.8% in the 3rd quarter, Holdings Channel reports. The firm owned 116,909 shares of the basic materials company’s stock after buying an additional 68,154 shares during the quarter. Bank of New York Mellon Corp’s holdings in Shiloh Industries were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of Shiloh Industries during the second quarter worth approximately $105,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Shiloh Industries during the third quarter worth approximately $136,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Shiloh Industries during the second quarter worth approximately $141,000. Virtu KCG Holdings LLC purchased a new stake in shares of Shiloh Industries during the second quarter worth approximately $157,000. Finally, Shaker Investments LLC OH purchased a new stake in shares of Shiloh Industries during the third quarter worth approximately $180,000. Institutional investors and hedge funds own 42.23% of the company’s stock.
Shares of Shiloh Industries, Inc. (SHLO) opened at $7.80 on Friday. Shiloh Industries, Inc. has a 52 week low of $6.88 and a 52 week high of $16.69. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $179.44, a P/E ratio of -390.00 and a beta of 2.10.
In other Shiloh Industries news, Director Jean Brunol sold 5,000 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $10.20, for a total value of $51,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 51.40% of the company’s stock.
Shiloh Industries Company Profile
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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