Trump announces trade deal with EU following months of negotiations
Mario Gabelli, a prominent investor and the namesake behind GAMCO Investors, Inc., has made a recent acquisition of Tredegar Corp (NYSE:TG) shares. On March 12, Gabelli purchased 300 shares of Tredegar Corp at a price of $7.07 per share, totaling approximately $2,121. This transaction was made indirectly through Investment Partnership III. The stock, currently trading at $7.26, has shown remarkable performance with an 85% return over the past year. According to InvestingPro analysis, the stock is currently fairly valued.
Gabelli, along with entities such as GAMCO Investors, Inc., Associated Capital Group (NYSE:AC), Inc., and GGCP, Inc., holds significant stakes in Tredegar Corp, which has a market capitalization of $244 million. The recent purchase adds to their existing holdings, with the total number of shares owned by the group now reaching 16,000. These shares are held both directly and through various investment partnerships. InvestingPro data shows the company maintains a FAIR financial health score, with multiple additional insights available to subscribers.
It’s important to note that while these entities have substantial holdings, they do not own 100% of the securities, as indicated in the footnotes of the filing. The reported ownership reflects the total amount of securities held by the entities, which may exceed their actual pecuniary interests.
In other recent news, Tredegar Corporation announced the appointment of Chris Vlahcevic as an independent director to its Board of Directors. Vlahcevic brings extensive financial and technical expertise, having previously served as Senior Vice President, Finance and Chief Accounting Officer at Performance Food Group (NYSE:PFGC). The company aims to enhance shareholder value by leveraging her diverse experience across multiple sectors, including biotechnology and financial services. Greg Pratt, Chairman of the Board, expressed confidence in Vlahcevic’s ability to contribute positively to the company’s growth. This appointment aligns with the growing emphasis on corporate governance and board diversification. Tredegar operates manufacturing facilities in North America and Asia, employing approximately 1,500 people. The addition of Vlahcevic is part of Tredegar’s strategy to strengthen its leadership and improve investor confidence.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.