Insider Buying: BlueLinx Holdings Inc. (NYSE:BXC) Major Shareholder Acquires $1,335,058.92 in Stock

BlueLinx Holdings Inc. (NYSE:BXC) major shareholder Nokomis Capital, L.L.C. bought 73,476 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was acquired at an average price of $18.17 per share, for a total transaction of $1,335,058.92. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Nokomis Capital, L.L.C. also recently made the following trade(s):

  • On Tuesday, July 9th, Nokomis Capital, L.L.C. bought 2,335 shares of BlueLinx stock. The stock was acquired at an average price of $18.60 per share, for a total transaction of $43,431.00.

Shares of BXC opened at $19.92 on Friday. BlueLinx Holdings Inc. has a fifty-two week low of $17.88 and a fifty-two week high of $43.89. The firm has a 50-day simple moving average of $20.09.

BlueLinx (NYSE:BXC) last issued its earnings results on Wednesday, May 8th. The construction company reported ($0.30) earnings per share for the quarter. The business had revenue of $638.70 million during the quarter. BlueLinx had a negative net margin of 1.35% and a negative return on equity of 606.34%.

A number of brokerages have recently weighed in on BXC. TheStreet downgraded Bancorp from a “b-” rating to a “c” rating in a report on Monday, April 8th. ValuEngine downgraded Zagg from a “sell” rating to a “strong sell” rating in a report on Thursday, March 14th.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of BlueLinx by 1.3% in the 4th quarter. BlackRock Inc. now owns 589,150 shares of the construction company’s stock valued at $14,559,000 after purchasing an additional 7,425 shares during the period. Weber Alan W increased its holdings in shares of BlueLinx by 15.2% in the 4th quarter. Weber Alan W now owns 455,353 shares of the construction company’s stock valued at $11,252,000 after purchasing an additional 60,000 shares during the period. Gendell Jeffrey L increased its holdings in shares of BlueLinx by 61.3% in the 4th quarter. Gendell Jeffrey L now owns 437,152 shares of the construction company’s stock valued at $10,802,000 after purchasing an additional 166,054 shares during the period. Vivaldi Asset Management LLC increased its holdings in shares of BlueLinx by 11.0% in the 1st quarter. Vivaldi Asset Management LLC now owns 378,842 shares of the construction company’s stock valued at $10,092,000 after purchasing an additional 37,569 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its holdings in shares of BlueLinx by 150.8% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 348,555 shares of the construction company’s stock valued at $9,286,000 after purchasing an additional 209,555 shares during the period. Institutional investors own 82.81% of the company’s stock.

BlueLinx Company Profile

BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, spruce, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising engineered wood, moulding, siding, cedar, metal, and insulation products.

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Insider Buying and Selling by Quarter for BlueLinx (NYSE:BXC)

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