Synalloy Corporation (NASDAQ:SYNL) saw an insider raise his exposure to the company today. The Chief Executive Officer and President Craig C. Bram picked up 31,080 shares of common stock at an average price of $15.69 per share. Following this move, Bram holds 99,999 shares directly; while holding 13,100 shares indirectly.
A $134.53 million market cap company, Synalloy Corporation (NASDAQ:SYNL) operates in two segments: the Metals Segment and the Specialty Chemicals Segment. The Metals Segment operates as Bristol Metals, LLC (Bristol), a wholly owned subsidiary of Synalloy Metals, Inc. Bristol manufactures pipe and fabricates piping systems from stainless steel and other alloys. The Specialty Chemicals Segment produces specialty chemicals and dyes for the carpet, chemical, paper, metals, petroleum, cosmetics, mattress, furniture, janitorial and other industries.
In addition, the largest institutional investor involved in Synalloy Corporation (NASDAQ:SYNL) is Royce & Associates, the fund run by billionaire Chuck Royce. After raising its holdings by 13% last quarter, the fund now holds 828,501 shares worth about $13.6 million.
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