Carroll Financial Associates, Inc.. recently announced the acquisition of new stake in India Globalization Capital Inc. (AMEX:IGC). The institutional investor has increased its shareholding in the Industrials company by 139.53% to 0.52 million shares with purchase of 0.3 million shares. This fresh investment now brings its stake to 1.25% valued currently at $0.31 million. In addition, Bridgeway Capital Management, Inc.. raised its holdings by 0.13 million to 0.13 million shares. And Virtu Financial BD LLC has lifted its position by 11.67% or 11443.0 shares – to 0.11 million shares.
With over 1.18 million India Globalization Capital Inc. (IGC) shares trading Friday and a closing price of $1.30 on the day, the dollar volume was approximately $1.54 million. The shares have shown a positive weekly performance of 3.17% and its price on 08/28/20 lost nearly 0.00%. Currently, there are 40.19M common shares owned by the public and among those 35.35M shares have been available to trade.
Insiders at the company have transacted a total of 6 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 1,265,000 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 40,000 shares.
The top 3 mutual fund holders in India Globalization Capital Inc. are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Bridgeway Ultra Small Company Mar. Vanguard Extended Market Index Fu owns 0.45 million shares of the company’s stock, all valued at over $0.28 million. Bridgeway Ultra Small Company Mar bought 99000.0 shares to bring its total holdings to over 99000.0 shares at a value of $60390.0. Bridgeway Ultra Small Company Mar now owns shares totaling to 0.24% of the shares outstanding.
Shares of India Globalization Capital Inc. (AMEX: IGC) opened at $1.26, down -$0.04 from a prior closing price of $1.30. However, the script later closed the day at $1.30, down 0.00%. The company’s stock has a 5-day price change of 3.17% and 121.09% over the past three months. IGC shares are trading 106.35% year to date (YTD), with the 12-month market performance up to 25.00% higher. It has a 12-month low price of $0.26 and touched a high of $4.50 over the same period. Currently, 1.18 million shares have been traded, compared to an average intraday trading volume of 11.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.79%, 50.27%, and 98.81% respectively.
Institutional ownership of India Globalization Capital Inc. (AMEX: IGC) shares accounts for 4.70% of the company’s 40.19M shares outstanding. Mutual fund holders own 2.05%, while other institutional holders and individual stakeholders account for 2.62% and 14.61% respectively.
It has a market capitalization of $53.60M and a beta (3y monthly) value of 4.54. The earnings-per-share (ttm) stands at -$0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.79% over the week and 26.91% over the month.
Analysts forecast that India Globalization Capital Inc. (IGC) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.