Alps Advisors Inc. acquired a new stake in shares of Albemarle Co. (NYSE:ALB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,994 shares of the specialty chemicals company’s stock, valued at approximately $255,000.
Several other institutional investors and hedge funds also recently bought and sold shares of ALB. Thompson Davis & CO. Inc. increased its holdings in Albemarle by 650.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 750 shares of the specialty chemicals company’s stock worth $102,000 after buying an additional 650 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Albemarle in the 4th quarter worth approximately $103,000. Advisory Services Network LLC increased its holdings in Albemarle by 43.7% in the 2nd quarter. Advisory Services Network LLC now owns 1,273 shares of the specialty chemicals company’s stock worth $134,000 after buying an additional 387 shares during the period. Howe & Rusling Inc. increased its holdings in Albemarle by 2,038.0% in the 3rd quarter. Howe & Rusling Inc. now owns 1,069 shares of the specialty chemicals company’s stock worth $146,000 after buying an additional 1,019 shares during the period. Finally, Renaissance Investment Group LLC acquired a new position in Albemarle in the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 87.38% of the company’s stock.
Shares of Albemarle Co. (ALB) opened at $111.72 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.56. Albemarle Co. has a 52-week low of $91.02 and a 52-week high of $144.99. The company has a market capitalization of $11,983.25, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.56.
Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.
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