Today, the VP GIS & CIO of Albany International Corp (NYSE: AIN), Dawne Wimbrow, bought shares of AIN for $18.51K.
Following Dawne Wimbrow’s last AIN Buy transaction on November 12, 2015, the stock climbed by 42.5%. This is Wimbrow’s first Buy trade following 3 Sell transactions.
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Based on Albany International Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $256 million and quarterly net profit of $30.37 million. In comparison, last year the company earned revenue of $216 million and had a net profit of $1.12 million. AIN’s market cap is $2.48B and the company has a P/E ratio of 41.57. Currently, Albany International Corp has an average volume of 1,122.
In the last 30 days, insiders have sold $68.3K worth of AIN shares and purchased $18.51K worth of AIN shares. The insider sentiment on Albany International Corp has been negative according to 25 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Albany International Corp. engages in textiles and materials processing. It operates through the Machine Clothing and Albany Engineered Composites segments.
