367,946 Shares in Freightcar America, Inc. $RAIL Bought by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Freightcar America, Inc. (NASDAQ:RAIL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 367,946 shares of the transportation company’s stock, valued at approximately $3,584,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew its holdings in shares of Freightcar America by 708.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 290,954 shares of the transportation company’s stock worth $3,221,000 after purchasing an additional 254,954 shares during the last quarter. North Star Investment Management Corp. raised its stake in Freightcar America by 36.8% during the first quarter. North Star Investment Management Corp. now owns 237,800 shares of the transportation company’s stock worth $1,895,000 after buying an additional 64,000 shares during the last quarter. Globeflex Capital L P raised its position in shares of Freightcar America by 840.3% in the 1st quarter. Globeflex Capital L P now owns 72,484 shares of the transportation company’s stock worth $578,000 after acquiring an additional 64,775 shares in the last quarter. Penn Capital Management Company LLC acquired a new position in Freightcar America in the fourth quarter valued at approximately $734,000. Finally, Ritholtz Wealth Management lifted its position in shares of Freightcar America by 55.0% during the 1st quarter. Ritholtz Wealth Management now owns 37,707 shares of the transportation company’s stock valued at $301,000 after acquiring an additional 13,373 shares during the period. Institutional investors and hedge funds own 31.96% of the company’s stock.

Analyst Ratings Changes

RAIL has been the subject of a number of recent research reports. Zacks Research upgraded shares of Freightcar America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded Freightcar America from a “hold (c)” rating to a “sell (d)” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Freightcar America presently has an average rating of “Reduce”.

Freightcar America Stock Performance

Freightcar America stock opened at $7.42 on Tuesday. Freightcar America, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $14.90. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.12 and a current ratio of 1.81. The stock has a market cap of $243.30 million, a P/E ratio of -13.74 and a beta of 1.48. The firm’s fifty day moving average price is $8.37 and its 200-day moving average price is $9.29.

Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings data on Monday, August 3rd. The transportation company reported ($0.02) earnings per share for the quarter. The firm had revenue of $113.14 million for the quarter, compared to analysts’ expectations of $110.41 million. Freightcar America had a negative net margin of 2.69% and a negative return on equity of 15.23%. On average, equities research analysts expect that Freightcar America, Inc. will post 0.35 earnings per share for the current fiscal year.

About Freightcar America

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.