Barington Capital Group buys $9,939,191 stake in Eastern Co (EML)

Eastern Co (EML) : Barington Capital Group scooped up 10,000 additional shares in Eastern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 525,605 shares of Eastern Co which is valued at $9,939,191.Eastern Co makes up approximately 8.53% of Barington Capital Group’s portfolio.

Other Hedge Funds, Including , Norges Bank reduced its stake in EML by selling 3,900 shares or 5.91% in the most recent quarter. The Hedge Fund company now holds 62,100 shares of EML which is valued at $1,174,311.Blackrock Investment Management reduced its stake in EML by selling 205 shares or 18.65% in the most recent quarter. The Hedge Fund company now holds 894 shares of EML which is valued at $16,906.Gabelli Funds boosted its stake in EML in the latest quarter, The investment management firm added 10,579 additional shares and now holds a total of 232,289 shares of Eastern Co which is valued at $4,271,795. Eastern Co makes up approx 0.03% of Gabelli Funds’s portfolio.

Eastern Co opened for trading at $19.15 and hit $19.474 on the upside on Monday, eventually ending the session at $19.25, with a gain of 0.79% or 0.15 points. The heightened volatility saw the trading volume jump to 15,413 shares. Company has a market cap of $120 M.

The Eastern Company is engaged in the manufacture and sale of industrial hardware security products and metal products from six the United States operations and seven wholly owned foreign subsidiaries. The Company maintains thirteen physical locations. The Company operates in three business segments: Industrial Hardware Security Products and Metal Products. The Security Products segment provides products that safeguard property and control access. The Industrial Hardware segment manufactures a selection of latches locks and other security hardware used in the transportation and industrial sector. The Company’s Metal Products segment manufactures anchoring devices for supporting underground mine roofs. The Company operates from locations in the United States Canada Mexico Hong Kong Taiwan and China.

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