Alphaone Investment Services Lowers stake in Lydall (LDL)

Lydall (LDL) : Alphaone Investment Services reduced its stake in Lydall by 6.55% during the most recent quarter end. The investment management company now holds a total of 114,759 shares of Lydall which is valued at $5,438,429 after selling 8,050 shares in Lydall , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Lydall makes up approximately 2.08% of Alphaone Investment Services’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The reduced its stake in LDL by selling 45 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 11,496 shares of LDL which is valued at $544,795.Geode Capital Management boosted its stake in LDL in the latest quarter, The investment management firm added 6,477 additional shares and now holds a total of 114,270 shares of Lydall which is valued at $5,415,255.Credit Suisse Ag boosted its stake in LDL in the latest quarter, The investment management firm added 11,312 additional shares and now holds a total of 20,332 shares of Lydall which is valued at $963,533.Tfs Capital reduced its stake in LDL by selling 39,939 shares or 62.13% in the most recent quarter. The Hedge Fund company now holds 24,343 shares of LDL which is valued at $1,153,615. Lydall makes up approx 0.20% of Tfs Capital’s portfolio.

Lydall opened for trading at $48.11 and hit $48.7 on the upside on Thursday, eventually ending the session at $48.23, with a gain of 0.40% or 0.19 points. The heightened volatility saw the trading volume jump to 71,870 shares. Company has a market cap of $827 M.

Many Wall Street Analysts have commented on Lydall. Lydall was Downgraded by Sidoti to ” Neutral” on Aug 29, 2016.

Lydall Inc. designs and manufactures specialty engineered non-woven filtration media industrial thermal insulating solutions and thermal and acoustical barriers for filtration or separation and heat abatement and sound dampening applications. The Company’s operates in four segments: Performance Materials Industrial Filtration Thermal/Acoustical Metals and Thermal/Acoustical Fibers. The Performance Materials segment is engaged in the filtration thermal insulation and life sciences filtration businesses. The Industrial Filtration segment is engaged in the Lydall’s industrial non-woven felt media and filter bag business. The Thermal/Acoustical Metals segment is the engaged in the Lydall’s metal parts and related tooling. The Thermal/Acoustical Fibers segment is engaged in the Lydall’s automotive fiber parts business and related tooling business for use in automotive applications. The products are sold to original equipment manufacturers and tier-one suppliers.

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