Ampco-Pittsburgh Corp (NYSE:AP) Director Michael I. German purchased 10,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were purchased at an average price of $3.95 per share, for a total transaction of $39,500.00. Following the transaction, the director now directly owns 35,266 shares of the company’s stock, valued at $139,300.70. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
NYSE AP traded up $0.32 during trading hours on Friday, reaching $4.38. 168,844 shares of the stock traded hands, compared to its average volume of 51,684. Ampco-Pittsburgh Corp has a 1 year low of $2.79 and a 1 year high of $11.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.56.
Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings results on Thursday, March 14th. The industrial products company reported ($0.73) earnings per share for the quarter. Ampco-Pittsburgh had a negative net margin of 19.28% and a negative return on equity of 17.80%. The firm had revenue of $95.82 million for the quarter.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oxford Asset Management LLP purchased a new position in shares of Ampco-Pittsburgh in the first quarter worth about $68,000. Renaissance Technologies LLC increased its holdings in shares of Ampco-Pittsburgh by 14.5% in the first quarter. Renaissance Technologies LLC now owns 436,024 shares of the industrial products company’s stock worth $1,439,000 after buying an additional 55,300 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Ampco-Pittsburgh by 76.0% in the first quarter. Acadian Asset Management LLC now owns 41,508 shares of the industrial products company’s stock worth $137,000 after buying an additional 17,928 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Ampco-Pittsburgh by 3.0% in the first quarter. Gamco Investors INC. ET AL now owns 1,463,658 shares of the industrial products company’s stock worth $4,830,000 after buying an additional 42,533 shares during the period. Finally, Gabelli Funds LLC increased its holdings in shares of Ampco-Pittsburgh by 2.5% in the first quarter. Gabelli Funds LLC now owns 464,800 shares of the industrial products company’s stock worth $1,534,000 after buying an additional 11,373 shares during the period. Hedge funds and other institutional investors own 48.03% of the company’s stock.
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Ampco-Pittsburgh Company Profile
Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in cold rolling by producers of steel, aluminum, and other metals; ingot and open-die forged products for use in the oil and gas, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, hot strip finishing, roughing mills, and plate mills in various iron and steel qualities.
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