Corsair Capital Management L.P. Sells 102,000 Shares of AmpliTech Group, Inc. $AMPG

Corsair Capital Management L.P. lowered its position in AmpliTech Group, Inc. (NASDAQ:AMPG) by 59.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,722 shares of the company’s stock after selling 102,000 shares during the quarter. Corsair Capital Management L.P.’s holdings in AmpliTech Group were worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creek Drive Management Group LLC bought a new stake in AmpliTech Group during the 4th quarter worth approximately $1,196,000. Renaissance Technologies LLC increased its holdings in AmpliTech Group by 135.5% in the first quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock valued at $708,000 after purchasing an additional 214,400 shares during the period. Integrated Wealth Concepts LLC bought a new position in AmpliTech Group during the 3rd quarter worth $752,000. Dimensional Fund Advisors LP raised its position in AmpliTech Group by 156.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after purchasing an additional 131,599 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in AmpliTech Group during the 4th quarter worth about $181,000. Institutional investors and hedge funds own 10.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMPG. Wall Street Zen upgraded AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Maxim Group lowered their price objective on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.00.

Insider Buying and Selling

In other AmpliTech Group news, CFO Louisa Sanfratello sold 50,000 shares of AmpliTech Group stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $4.80, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer directly owned 60,000 shares in the company, valued at approximately $288,000. The trade was a 45.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel Richard Mazziota sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $7.71, for a total value of $77,100.00. Following the transaction, the director owned 237,743 shares in the company, valued at $1,832,998.53. The trade was a 4.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 107,157 shares of company stock valued at $587,948 over the last 90 days. Company insiders own 17.12% of the company’s stock.

AmpliTech Group Stock Performance

Shares of AmpliTech Group stock opened at $5.41 on Monday. The business has a 50-day moving average price of $6.42 and a two-hundred day moving average price of $3.98. AmpliTech Group, Inc. has a 1-year low of $1.64 and a 1-year high of $10.11. The company has a market cap of $137.09 million, a P/E ratio of -17.45 and a beta of -0.26.

AmpliTech Group (NASDAQ:AMPG) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million. AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%.

AmpliTech Group Company Profile

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.