Workers United sells $6.38 million in Amalgamated Financial shares
Workers United sells $6.38 million in Amalgamated Financial shares
Workers United, identified as a 10% owner and director of Amalgamated Financial Corp. (NASDAQ:AMAL), recently reported the sale of common stock totaling approximately $6.38 million. These transactions occurred over three consecutive days in late August and early September 2026. The timing is notable as AMAL shares have delivered a 71% return over the past year and a 52% gain year-to-date, trading at $48.14 with a market cap of $1.44 billion.
On August 31, 2026, Workers United disposed of 73,535 shares of Amalgamated Financial common stock at a weighted average price of $48.1194 per share. These shares were sold in multiple transactions at prices ranging from $48.1000 to $48.2500. The following day, September 1, 2026, an additional 15,000 shares were sold at a weighted average price of $47.2843, with individual share prices ranging from $47.0600 to $47.5400. The final reported sale took place on September 2, 2026, involving 44,244 shares at a weighted average price of $48.1891, with prices for individual shares ranging from $47.8500 to $48.3000.
In total, Workers United sold 132,779 shares of Amalgamated Financial common stock. The prices received for these sales, based on weighted average prices, ranged between $47.2843 and $48.1891. Following these transactions, Workers United directly holds 6,988,726.93 shares of Amalgamated Financial Corp. common stock. According to InvestingPro, the stock remains undervalued based on Fair Value analysis, with 11 additional ProTips available to subscribers, including insights on the company’s dividend growth streak and profitability metrics.
Workers United is part of a larger group of reporting persons that also includes entities such as Rochester Regional Joint Board, Pennsylvania Joint Board, Philadelphia Joint Board, Chicago & Midwest Regional Joint Board, Laundry, Distribution & Food Service Joint Board, Local 50, Mid-Atlantic Regional Joint Board, New York-New Jersey Regional Joint Board, Rochester Regional Joint Board Fund for the Future, Western States Regional Joint Board, Workers United Canada Council, Workers United, Southern Regional Joint Board, and Southwest Regional Joint Board. Each of these entities also holds shares of Amalgamated Financial common stock directly.
In other recent news, Amalgamated Financial Corp. reported better-than-expected results for the second quarter of 2026. The company announced earnings of $1.15 per share, surpassing Wall Street’s forecast of $1.00 per share. Revenue also exceeded expectations, reaching $98.4 million compared to the anticipated $92.09 million. Additionally, Amalgamated Financial achieved a record net income of $34.8 million. These results highlight the company’s strong operating leverage and increased profitability. The positive earnings report contributed to a 1.44% rise in the company’s share price in premarket trading. Investors and analysts are likely to view these figures as a sign of robust financial performance.