Insider Buying: BlueLinx Holdings Inc. (NYSE:BXC) Major Shareholder Acquires 2,335 Shares of Stock

BlueLinx Holdings Inc. (NYSE:BXC) major shareholder Nokomis Capital, L.L.C. purchased 2,335 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was purchased at an average cost of $18.60 per share, for a total transaction of $43,431.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 stock was purchased at an average cost of $18.17 per share, for a total transaction of $1,335,058.92.

Shares of BXC opened at $20.47 on Friday. The company’s 50-day moving average is $20.05. BlueLinx Holdings Inc. has a 1-year low of $17.88 and a 1-year high of $43.89.

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

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

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of BlueLinx by 1.3% during the 4th quarter. BlackRock Inc. now owns 589,150 shares of the construction company’s stock valued at $14,559,000 after purchasing an additional 7,425 shares in the last quarter. Vivaldi Asset Management LLC boosted its stake in shares of BlueLinx by 11.0% during the 1st quarter. Vivaldi Asset Management LLC now owns 378,842 shares of the construction company’s stock valued at $10,092,000 after purchasing an additional 37,569 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of BlueLinx by 45.9% during the 4th quarter. Rhumbline Advisers now owns 11,888 shares of the construction company’s stock valued at $294,000 after purchasing an additional 3,741 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of BlueLinx by 55.2% during the 4th quarter. Bank of New York Mellon Corp now owns 42,367 shares of the construction company’s stock valued at $1,047,000 after purchasing an additional 15,071 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of BlueLinx by 217.3% during the 4th quarter. Barclays PLC now owns 20,329 shares of the construction company’s stock valued at $502,000 after purchasing an additional 13,922 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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