Friedman Industries (FRD)

• Market cap: $115M
• 1 day: 2.81%
• 5 days: 3.72%
• 1 month: 17.48%
• 3 months: 9.58%
• 6 months: 2.36%
• Year to date: 6.60%
• 1 year: 5.04%
• 5 years: 167.80%
• 10 years: 136.30%
• Sector: Materials
• Industry: Steel Works, Blast Furnaces & Rolling & Finishing Mills

About: Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include flat-roll products and Tubular Products. It generates maximum revenue from the flat-roll products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

Employees: 268

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

9% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 11

3% more capital invested

Capital invested by funds: $45.8M [Q2] → $47M (+$1.19M) [Q3]

1.25% less ownership

Funds ownership: 43.46% [Q2] → 42.21% (-1.25%) [Q3]

8% less funds holding

Funds holding: 40 [Q2] → 37 (-3) [Q3]

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6