Bluefin Capital Management LLC Takes Position in Myers Industries, Inc. $MYE

13 Dec 2025, 09:58 by Sarita Garza · The Markets Daily

Bluefin Capital Management LLC bought a new position in shares of Myers Industries, Inc. (NYSE:MYE – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 109,992 shares of the industrial products company’s stock, valued at approximately $1,594,000. Myers Industries makes up approximately 1.2% of Bluefin Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Bluefin Capital Management LLC owned about 0.29% of Myers Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MYE. Gamco Investors INC. ET AL increased its stake in Myers Industries by 3.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 3,593,462 shares of the industrial products company’s stock worth $52,069,000 after buying an additional 110,560 shares during the period. Vanguard Group Inc. boosted its position in Myers Industries by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 2,684,971 shares of the industrial products company’s stock valued at $32,032,000 after buying an additional 82,223 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Myers Industries by 3.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,239,166 shares of the industrial products company’s stock valued at $33,699,000 after acquiring an additional 68,111 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Myers Industries by 0.8% during the first quarter. Gabelli Funds LLC now owns 1,575,150 shares of the industrial products company’s stock worth $18,792,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Invenomic Capital Management LP lifted its stake in shares of Myers Industries by 163.3% in the first quarter. Invenomic Capital Management LP now owns 1,018,116 shares of the industrial products company’s stock worth $12,146,000 after acquiring an additional 631,463 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research lowered Myers Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Myers Industries in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Myers Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Myers Industries has an average rating of “Hold” and an average target price of $21.00.

Get Our Latest Stock Analysis on MYE

Myers Industries Price Performance

Shares of MYE opened at $19.50 on Friday. Myers Industries, Inc. has a 52 week low of $9.06 and a 52 week high of $19.87. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 1.18. The firm has a market cap of $729.46 million, a price-to-earnings ratio of 26.35 and a beta of 1.14. The stock has a 50 day moving average of $17.46 and a 200-day moving average of $16.13.

Myers Industries (NYSE:MYE – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. Myers Industries had a return on equity of 13.15% and a net margin of 3.38%.The business had revenue of $205.44 million for the quarter, compared to analyst estimates of $206.40 million. As a group, analysts forecast that Myers Industries, Inc. will post 0.95 EPS for the current year.

Myers Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Wednesday, December 3rd will be issued a $0.135 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.54 annualized dividend and a dividend yield of 2.8%. Myers Industries’s payout ratio is 72.97%.

Insider Transactions at Myers Industries

In other Myers Industries news, Director Helmuth Ludwig acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of $17.21 per share, for a total transaction of $86,050.00. Following the completion of the purchase, the director directly owned 13,436 shares in the company, valued at $231,233.56. The trade was a 59.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Samantha Rutty bought 3,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was bought at an average price of $17.50 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer owned 3,000 shares of the company’s stock, valued at $52,500. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 9,000 shares of company stock valued at $156,000. Insiders own 1.85% of the company’s stock.

About Myers Industries

(Free Report)

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.