Teton Advisors Inc. held its stake in Lawson Products, Inc. (NASDAQ:LAWS) during the fourth quarter, Holdings Channel reports. The institutional investor owned 264,714 shares of the company’s stock at the end of the fourth quarter. Teton Advisors Inc.’s holdings in Lawson Products were worth $6,300,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in Lawson Products by 10.5% in the fourth quarter. State Street Corp now owns 66,197 shares of the company’s stock valued at $1,575,000 after buying an additional 6,275 shares during the period. Cadence Capital Management LLC acquired a new position in Lawson Products during the fourth quarter valued at about $404,000. KDI Capital Partners LLC boosted its position in Lawson Products by 2.1% in the third quarter. KDI Capital Partners LLC now owns 853,256 shares of the company’s stock valued at $15,128,000 after buying an additional 17,418 shares during the period. King Luther Capital Management Corp boosted its position in Lawson Products by 4.2% in the third quarter. King Luther Capital Management Corp now owns 1,678,088 shares of the company’s stock valued at $29,753,000 after buying an additional 67,026 shares during the period. Finally, Punch & Associates Investment Management Inc. boosted its position in Lawson Products by 1.1% in the third quarter. Punch & Associates Investment Management Inc. now owns 92,000 shares of the company’s stock valued at $1,631,000 after buying an additional 1,000 shares during the period. Institutional investors own 62.09% of the company’s stock.
Lawson Products, Inc. (NASDAQ:LAWS) remained flat at $26.90 during trading on Tuesday. 11,425 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $24.45 and its 200 day moving average price is $20.58. The company’s market capitalization is $236.67 million. Lawson Products, Inc. has a 52-week low of $15.23 and a 52-week high of $27.60.
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Separately, Zacks Investment Research raised Lawson Products from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, October 21st.
In other news, CFO Ronald J. Knutson sold 16,211 shares of Lawson Products stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $23.54, for a total value of $381,606.94. Following the sale, the chief financial officer now owns 25,225 shares of the company’s stock, valued at $593,796.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Private Discipline Master Lkcm bought 300,000 shares of the stock in a transaction dated Wednesday, November 30th. The stock was purchased at an average cost of $23.45 per share, for a total transaction of $7,035,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 21,240 shares of company stock worth $509,344 over the last three months. 21.30% of the stock is currently owned by insiders.
About Lawson Products
Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.
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