Insider Selling: Shiloh Industries, Inc. (SHLO) Major Shareholder Sells 500,000 Shares of Stock

Shiloh Industries, Inc. (NASDAQ:SHLO) major shareholder Mtd Holdings Inc sold 500,000 shares of Shiloh Industries stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $7.76, for a total value of $3,880,000.00. Following the completion of the transaction, the insider now owns 7,300,866 shares in the company, valued at $56,654,720.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of Shiloh Industries, Inc. (SHLO) traded up 5.86% during trading on Wednesday, hitting $8.13. The company had a trading volume of 289,274 shares. Shiloh Industries, Inc. has a 52-week low of $6.50 and a 52-week high of $16.69. The stock’s 50-day moving average is $9.28 and its 200 day moving average is $12.14. The firm has a market capitalization of $145.31 million, a P/E ratio of 21.39 and a beta of 2.16.

Shiloh Industries (NASDAQ:SHLO) last announced its quarterly earnings results on Thursday, June 1st. The basic materials company reported $0.36 EPS for the quarter. Shiloh Industries had a net margin of 0.68% and a return on equity of 11.38%. The company had revenue of $273.03 million for the quarter. Equities research analysts predict that Shiloh Industries, Inc. will post $1.60 earnings per share for the current fiscal year.

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A number of analysts have commented on the company. TheStreet cut Shiloh Industries from a “c” rating to a “d+” rating in a research report on Wednesday, May 17th. ValuEngine cut Shiloh Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BMO Capital Markets initiated coverage on Shiloh Industries in a report on Wednesday. They issued an “outperform” rating and a $11.00 price objective for the company.

Several hedge funds and other institutional investors have recently made changes to their positions in SHLO. Russell Investments Group Ltd. purchased a new stake in Shiloh Industries during the second quarter valued at about $105,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Shiloh Industries during the second quarter valued at about $141,000. Virtu KCG Holdings LLC purchased a new stake in Shiloh Industries during the second quarter valued at about $157,000. California State Teachers Retirement System purchased a new stake in Shiloh Industries during the second quarter valued at about $181,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Shiloh Industries during the second quarter valued at about $182,000. Institutional investors own 19.30% 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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