Samuel Lyon Sells 9,500 Shares of Ampco-Pittsburgh (NYSE:AP) Stock

Ampco-Pittsburgh Corporation (NYSE:AP) insider Samuel Lyon sold 9,500 shares of Ampco-Pittsburgh stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $9.82, for a total value of $93,290.00. Following the sale, the insider owned 181,233 shares in the company, valued at $1,779,708.06. This represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Samuel Lyon also recently made the following trade(s):

• On Thursday, June 18th, Samuel Lyon sold 547 shares of Ampco-Pittsburgh stock. The stock was sold at an average price of $11.30, for a total value of $6,181.10.

Ampco-Pittsburgh Stock Performance

Shares of Ampco-Pittsburgh stock opened at $9.31 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 2.42. The firm has a market capitalization of $189.27 million, a P/E ratio of -2.77 and a beta of 1.23. The business has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $8.03. Ampco-Pittsburgh Corporation has a 12 month low of $1.75 and a 12 month high of $12.81.

Ampco-Pittsburgh (NYSE:AP) last released its earnings results on Tuesday, May 12th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The business had revenue of $103.13 million during the quarter, compared to analysts’ expectations of $84.90 million. Ampco-Pittsburgh had a negative return on equity of 7.56% and a negative net margin of 15.53%.

Hedge Funds Weigh In On Ampco-Pittsburgh

Several large investors have recently made changes to their positions in AP. Geode Capital Management LLC boosted its position in shares of Ampco-Pittsburgh by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 4,339 shares in the last quarter. Jane Street Group LLC purchased a new position in Ampco-Pittsburgh during the second quarter valued at $30,000. Ameriprise Financial Inc. boosted its holdings in Ampco-Pittsburgh by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock worth $3,433,000 after acquiring an additional 33,950 shares in the last quarter. Group One Trading LLC bought a new stake in Ampco-Pittsburgh in the second quarter worth $43,000. Finally, Vanguard Group Inc. grew its stake in shares of Ampco-Pittsburgh by 6.0% in the third quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock worth $1,529,000 after acquiring an additional 38,021 shares during the last quarter. 49.16% of the stock is currently owned by hedge funds and other institutional investors.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.