BlueLinx Holdings Inc. (NYSE:BXC) Major Shareholder Acquires $43,431.00 in Stock

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BlueLinx Holdings Inc. (NYSE:BXC) major shareholder Nokomis Capital, L.L.C. purchased 2,335 shares of BlueLinx stock in a transaction that occurred on Tuesday, July 9th. The shares were acquired at an average price of $18.60 per share, with a total value of $43,431.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Nokomis Capital, L.L.C. also recently made the following trade(s):

  • On Friday, July 5th, Nokomis Capital, L.L.C. purchased 73,476 shares of BlueLinx stock. The shares were acquired at an average price of $18.17 per share, with a total value of $1,335,058.92.

BlueLinx stock opened at $20.47 on Friday. BlueLinx Holdings Inc. has a 52 week low of $17.88 and a 52 week high of $43.89. The stock’s 50-day simple moving average is $20.05.

BlueLinx (NYSE:BXC) last issued its quarterly earnings data on Wednesday, May 8th. The construction company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $638.70 million for the quarter. BlueLinx had a negative return on equity of 606.34% and a negative net margin of 1.35%.

Separately, TheStreet cut Bancorp from a “b-” rating to a “c” rating in a report on Monday, April 8th.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in BlueLinx by 1.3% during the fourth quarter. BlackRock Inc. now owns 589,150 shares of the construction company’s stock worth $14,559,000 after acquiring an additional 7,425 shares during the last quarter. Vivaldi Asset Management LLC lifted its position in BlueLinx by 11.0% during the first quarter. Vivaldi Asset Management LLC now owns 378,842 shares of the construction company’s stock worth $10,092,000 after acquiring an additional 37,569 shares during the last quarter. Rhumbline Advisers lifted its position in BlueLinx by 45.9% during the fourth quarter. Rhumbline Advisers now owns 11,888 shares of the construction company’s stock worth $294,000 after acquiring an additional 3,741 shares during the last quarter. Bank of New York Mellon Corp lifted its position in BlueLinx by 55.2% during the fourth quarter. Bank of New York Mellon Corp now owns 42,367 shares of the construction company’s stock worth $1,047,000 after acquiring an additional 15,071 shares during the last quarter. Finally, Barclays PLC lifted its position in BlueLinx by 217.3% during the fourth quarter. Barclays PLC now owns 20,329 shares of the construction company’s stock worth $502,000 after acquiring an additional 13,922 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

BlueLinx Company Profile

BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, spruce, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising engineered wood, moulding, siding, cedar, metal, and insulation products.

Read More: Hold Rating

Insider Buying and Selling by Quarter for BlueLinx (NYSE:BXC)

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