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

Ampco-Pittsburgh Corporation (NYSE:AP) insider Samuel Lyon sold 9,500 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was 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 of the company’s stock, valued at $1,779,708.06. The trade was a 4.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

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

Ampco-Pittsburgh Trading Down 6.3%

AP traded down $0.62 during trading on Friday, hitting $9.14. 93,253 shares of the company’s stock were exchanged, compared to its average volume of 224,268. Ampco-Pittsburgh Corporation has a 1 year low of $1.75 and a 1 year high of $12.81. The stock has a 50 day moving average price of $10.64 and a 200 day moving average price of $8.02. The firm has a market cap of $185.82 million, a P/E ratio of -2.71 and a beta of 1.23. The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 2.42.

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

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of large investors have recently modified their holdings of AP. Geode Capital Management LLC increased its stake in Ampco-Pittsburgh by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock worth $480,000 after buying an additional 4,339 shares during the period. Jane Street Group LLC acquired a new stake in Ampco-Pittsburgh during the 2nd quarter valued at approximately $30,000. Ameriprise Financial Inc. grew its stake in Ampco-Pittsburgh by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock valued at $3,433,000 after purchasing an additional 33,950 shares in the last quarter. Group One Trading LLC acquired a new stake in Ampco-Pittsburgh during the 2nd quarter valued at approximately $43,000. Finally, Vanguard Group Inc. increased its holdings in Ampco-Pittsburgh by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock worth $1,529,000 after purchasing an additional 38,021 shares during the last quarter. Institutional investors and hedge funds own 49.16% of the company’s stock.

About Ampco-Pittsburgh

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.