Albany International Corp /de/ (AIN): Daniel A Halftermeyer , President, PMC of Albany International Corp /de/ sold 4,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $38.57 per share for a total value of $154,276.59 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 28, 2015, Robert Alan Hansen (Senior Vice President & CTO) sold 6,230 shares at $39.80 per share price.On Feb 19, 2015, Joseph M Gaug (Assistant Secretary) sold 1,000 shares at $37.82 per share price.
Albany International Corp.: On Tuesday, May 10, 2016 heightened volatility was witnessed in Albany International Corp. which led to swings in the share price. The shares opened for trading at $38.05 and hit $38.79 on the upside , eventually ending the session at $38.46, with a gain of 1.10% or 0.42 points. The heightened volatility saw the trading volume jump to 1,42,934 shares. The 52-week high of the share price is $41.9 and the company has a market cap of $1,231 M . The 52-week low of the share price is at $27.64.
Albany International Corp. is an advanced textiles and materials processing company. The Company operates through two business segments: The Machine Clothing segment and the Albany Engineered Composites (AEC) segment. The Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper paperboard non-wovens fiber cement and several other industrial applications. The Machine Clothing segment also supplies consumable fabrics used in the manufacturing process in the pulp corrugator non-wovens fiber cement building products and tannery and textile industries. The Company’s Albany Engineered Composites segment designs develops and manufactures advanced composite parts for aerospace and other applications using a range of core technologies including its 3D woven reinforced composites technology. The AEC segment primarily serves customers in commercial and military aircraft engine and airframe markets.