FRIEDMAN INDS INC FRD
COM · Common Stock · CUSIP 358435105
- SectorMaterials
- IndustrySteel Works, Blast Furnaces & Rolling & Finishing Mills
- HeadquartersLongview, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($440.9k this quarter). Holder counts are more reliable. Shares outstanding: 7.0m as of 2024-02-14, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $15.46.
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 21 |
| Q4 2022 | 25 |
| Q1 2023 | 25 |
| Q2 2023 | 30 |
| Q3 2023 | 33 |
| Q4 2023 | 31 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 11 | 8 |
| Q1 2023 | 13 | 8 |
| Q2 2023 | 14 | 11 |
| Q3 2023 | 23 | 10 |
| Q4 2023 | 13 | 13 |
Biggest buyers
| MORGAN STANLEY | Added | +78.4k |
| GENDELL JEFFREY L | Added | +20.9k |
| NORTHERN TRUST CORP | Added | +10.9k |
| VANGUARD GROUP INC | Added | +10.2k |
| Janney Montgomery Scott LLC | Added | +4.4k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +3.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +2.5k |
| Empowered Funds, LLC | Added | +2.5k |
| OSAIC HOLDINGS, INC. | New | +1.5k |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.4k |
Biggest sellers
| Informed Momentum Co LLC | Sold out | -86.9k |
| Man Group plc | Sold out | -23.1k |
| State of Wyoming | Sold out | -2.5k |
| DENALI ADVISORS LLC | Sold out | -2.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -1.7k |
| HighMark Wealth Management LLC | Sold out | -1.5k |
| Tower Research Capital LLC (TRC) | Reduced | -1.2k |
| STATE STREET CORP | Reduced | -200 |
| NewEdge Advisors, LLC | Reduced | -165 |
| BlackRock Inc. | Reduced | -121 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| De Lisle Partners LLP 13G · institution -0.1 pts · filed 2026-02-11 | 5.9% |
| BlackRock, Inc. 13G · institution new · filed 2026-07-28 | 5.6% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26), GENDELL JEFFREY L (4.9%, 2026-02-06)
Insider purchases and sales in Q4 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 6 | $335.3k | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 5 | $338.8k | 1 | $57.4k | — |
| Q4 2023 | 0 | — | 0 | — | — |
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 553.0k $8.5m | Added +1.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 374.8k $5.8m | Reduced -1.7k |
| GENDELL JEFFREY L 0.31% of their portfolio | 374.3k $5.8m | Added +20.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 312.4k $4.8m | Added +10.2k |
| MORGAN STANLEY 0.00% of their portfolio | 154.0k $2.4m | Added +78.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 153.9k $2.4m | Added +2.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 137.0k $2.1m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 65.0k $1.0m | Added +3.4k |
| Callahan Advisors, LLC 0.09% of their portfolio | 52.7k $814.3k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 29.7k $459.0k | Added +4.4k |
| BlackRock Inc. 0.00% of their portfolio | 28.7k $443.7k | Reduced -121 |
| Empowered Funds, LLC 0.01% of their portfolio | 28.5k $440.9k | Added +2.5k |
| STATE STREET CORP 0.00% of their portfolio | 25.7k $396.6k | Reduced -200 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 22.5k $347.4k | Added +10.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 19.0k $294.0k | Reduced -1 |
| Corient Private Wealth LP 0.00% of their portfolio | 18.3k $282.3k | Unchanged |
| RBF Capital, LLC 0.01% of their portfolio | 14.4k $223.4k | Unchanged |
| TOWER BRIDGE ADVISORS 0.02% of their portfolio | 11.3k $174.9k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 8.0k $123.8k | Added +1 |
| Founders Capital Management 0.06% of their portfolio | 5.0k $77.3k | Unchanged |
| AJOVista, LLC 0.06% of their portfolio | 3.2k $49.0k | First filing |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.5k $23.2k | New |
| UBS Group AG 0.00% of their portfolio | 1.1k $16.8k | Reduced -55 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 318 $4.9k | Reduced -1.2k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 297 $4.6k | Reduced -165 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 264 $4.1k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 180 $2.8k | Added +172 |
| COMERICA BANK 0.00% of their portfolio | 113 $1.7k | Unchanged |
| FMR LLC 0.00% of their portfolio | 110 $1.7k | Reduced -61 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4 $62 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |