Thompson Siegel & Walmsley LLC Has $5.06 Million Position in Almonty Industries Inc. $ALM

Thompson Siegel & Walmsley LLC cut its holdings in Almonty Industries Inc. (NASDAQ:ALM) by 34.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 574,432 shares of the company’s stock after selling 305,615 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Almonty Industries were worth $5,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALM. Old West Investment Management LLC bought a new position in Almonty Industries in the third quarter valued at approximately $2,148,000. MCF Advisors LLC bought a new position in Almonty Industries in the third quarter valued at approximately $60,000. Oppenheimer & Co. Inc. bought a new position in Almonty Industries in the third quarter valued at approximately $66,000. Baader Bank Aktiengesellschaft bought a new position in Almonty Industries in the third quarter valued at approximately $580,000. Finally, Verde Servicos Internacionais S.A. bought a new position in Almonty Industries in the third quarter valued at approximately $422,000.

Almonty Industries Trading Down 3.1%

Shares of NASDAQ:ALM opened at $19.05 on Tuesday. Almonty Industries Inc. has a 12 month low of $3.16 and a 12 month high of $24.41. The company has a quick ratio of 2.37, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $18.93 and its 200 day simple moving average is $14.03. The firm has a market cap of $5.41 billion and a price-to-earnings ratio of -38.10.

Almonty Industries (NASDAQ:ALM) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Almonty Industries had a negative net margin of 262.29% and a negative return on equity of 11.01%. The business had revenue of $18.52 million for the quarter, compared to analyst estimates of $15.44 million. As a group, research analysts forecast that Almonty Industries Inc. will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on ALM. DA Davidson reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Almonty Industries in a research note on Thursday, March 26th. Texas Capital raised shares of Almonty Industries to a “strong-buy” rating in a research note on Thursday, April 16th. B. Riley Financial raised their price objective on shares of Almonty Industries from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Oppenheimer raised their price objective on shares of Almonty Industries from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.38.

Almonty Industries Company Profile

Almonty Industries is a Canada-based mining company focused on the production, development and acquisition of tungsten assets. The company’s principal business activity is the mining and processing of tungsten-bearing ore to produce tungsten concentrates for industrial customers. Almonty pursues both operating mines and advanced-stage development projects with the objective of supplying a critical raw material used in hardmetals, tooling, drilling and other industrial applications.

Almonty’s asset footprint has historically included operating and development projects in Europe and Asia.