Short Interest Alert: Alamo Group Incorporated (NYSE:ALG) Can’t Be More Risky. Short Interest Increased

November 24, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Alert: Alamo Group Incorporated (NYSE:ALG) Can't Be More Risky. Short Interest Increased

The stock of Alamo Group Incorporated (NYSE:ALG) registered an increase of 15.08% in short interest. ALG’s total short interest was 163,300 shares in November as published by FINRA. Its up 15.08% from 141,900 shares, reported previously. With 34,000 shares average volume, it will take short sellers 5 days to cover their ALG’s short positions. The short interest to Alamo Group Incorporated’s float is 1.73%. The stock increased 1.74% or $1.28 on November 23, hitting $74.92. About 56,832 shares traded hands or 13.64% up from the average. Alamo Group, Inc. (NYSE:ALG) has risen 31.53% since April 22, 2016 and is uptrending. It has outperformed by 26.12% the S&P500.

Alamo Group Inc. is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The company has a market cap of $868.63 million. The Firm operates in Industrial, Agricultural and European divisions. It has a 19.72 P/E ratio. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts and services.

Insitutional Activity: The institutional sentiment increased to 1.49 in Q2 2016. Its up 0.18, from 1.31 in 2016Q1. The ratio improved, as 13 funds sold all Alamo Group, Inc. shares owned while 36 reduced positions. 30 funds bought stakes while 34 increased positions. They now own 9.81 million shares or 5.07% less from 10.33 million shares in 2016Q1.
Manufacturers Life Ins The holds 6,162 shares or 0% of its portfolio. Goldman Sachs Grp last reported 0% of its portfolio in the stock. Credit Suisse Ag, a Switzerland-based fund reported 8,180 shares. Ptnrs Limited Liability last reported 0.05% of its portfolio in the stock. Tiaa Cref Mngmt Ltd last reported 0% of its portfolio in the stock. Hbk Invests Limited Partnership owns 5,500 shares or 0% of their US portfolio. Blackrock Advisors Lc has 0% invested in the company for 4,393 shares. Alexandria Cap Ltd has 1,050 shares for 0.01% of their US portfolio. Teachers holds 0% or 15,003 shares in its portfolio. The Michigan-based Comerica Bancshares has invested 0.01% in Alamo Group, Inc. (NYSE:ALG). Us Financial Bank De owns 17,300 shares or 0% of their US portfolio. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in Alamo Group, Inc. (NYSE:ALG). Jnba Financial Advisors holds 100 shares or 0% of its portfolio. California State Teachers Retirement Sys holds 0% of its portfolio in Alamo Group, Inc. (NYSE:ALG) for 19,785 shares. Origin Asset Mgmt Llp last reported 0.02% of its portfolio in the stock.

Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 7 insider sales for $1.22 million net activity. Shares for $241,160 were sold by ROBINSON RONALD A on Thursday, May 26. DAVIES GEOFF had sold 5,000 shares worth $365,000 on Wednesday, November 16. $25,600 worth of shares were sold by GEORGE ROBERT H on Friday, July 1. Another trade for 500 shares valued at $30,521 was made by Leonard Jeffery Allen on Wednesday, June 1. WEHRLE RICHARD J sold $158,975 worth of Alamo Group, Inc. (NYSE:ALG) on Wednesday, August 10.

Alamo Group, Inc. (NYSE:ALG) Ratings Coverage

Out of 2 analysts covering Alamo Group (NYSE:ALG), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Alamo Group has been the topic of 2 analyst reports since October 9, 2015 according to StockzIntelligence Inc. As per Friday, October 9, the company rating was downgraded by Bank of America. The stock has “Neutral” rating given by Seaport Global Securities on Friday, November 6.

ALG Company Profile

Alamo Group Inc., incorporated on October 22, 1987, is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Firm operates in Industrial, Agricultural and European divisions. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts and services. The Firm operates approximately 20 plants in North America, Europe, Australia and Brazil. The Firm sells its products through a network of independent dealers and distributors to Governmental end users, related independent contractors, as well as to the agricultural and commercial turf markets. It also offers replacement parts for each of its wholegoods lines. The Company’s products are sold through various marketing organizations, and dealer and distributor networks under the Alamo Industrial, Terrain King, Tiger, Gradall, VacAll, Schwarze, Nite-Hawk, Henke, Tenco, Super Products, Wausau-Everest, H.P. Fairfield, Bush Hog, Rhino, Earthmaster, Herschel, Valu-Bilt, Schulte, Superior, Fieldquip, McConnel, Bomford, Spearhead, Herder, Twose, Kellands, SMA, Forges Gorce, Faucheux, Rousseau and Rivard trademarks, as well as other trademarks and trade names.

More notable recent Alamo Group, Inc. (NYSE:ALG) news were published by: Prnewswire.com which released: “Alamo Group Inc. Announces Third Quarter 2016 Earnings Conference Call” on October 27, 2016, also Prnewswire.com with their article: “Alamo Group Inc. Announces The Appointment Of A New Board Member” published on August 04, 2016, Prnewswire.com published: “Alamo Group Announces 2016 Third Quarter Results” on November 03, 2016. More interesting news about Alamo Group, Inc. (NYSE:ALG) were released by: Quotes.Wsj.com and their article: “News Alamo Group Inc.ALG” published on February 11, 2011 as well as Prnewswire.com‘s news article titled: “Alamo Group Inc. Announces The Appointment Of Two New Board Members” with publication date: August 06, 2015.

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By Linda Rogers


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