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

Ampco-Pittsburgh Corporation (NYSE:AP) insider Samuel Lyon sold 9,500 shares of Ampco-Pittsburgh 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 completion of the transaction, the insider owned 181,233 shares of the company’s stock, valued at $1,779,708.06. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 value of $6,181.10.

Ampco-Pittsburgh Stock Performance

NYSE:AP traded down $0.62 during trading hours on Friday, reaching $9.14. 93,253 shares of the stock were exchanged, compared to its average volume of 224,268. The company has a quick ratio of 1.01, a current ratio of 1.75 and a debt-to-equity ratio of 2.42. The firm has a 50 day simple moving average of $10.64 and a 200-day simple moving average of $8.02. Ampco-Pittsburgh Corporation has a 52 week low of $1.75 and a 52 week high of $12.81. The stock has a market capitalization of $185.82 million, a P/E ratio of -2.71 and a beta of 1.23.

Ampco-Pittsburgh (NYSE:AP) last issued its quarterly 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 firm had revenue of $103.13 million during the quarter, compared to the consensus estimate of $84.90 million. Ampco-Pittsburgh had a negative net margin of 15.53% and a negative return on equity of 7.56%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AP. PNC Financial Services Group Inc. boosted its holdings in shares of Ampco-Pittsburgh by 164.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,600 shares of the industrial products company’s stock valued at $44,000 after buying an additional 4,100 shares during the period. Geode Capital Management LLC raised its stake in Ampco-Pittsburgh by 2.8% during the second quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock worth $480,000 after acquiring an additional 4,339 shares during the period. Group One Trading LLC lifted its holdings in Ampco-Pittsburgh by 101.6% in the fourth quarter. Group One Trading LLC now owns 10,280 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 5,180 shares during the last quarter. State Street Corp lifted its holdings in Ampco-Pittsburgh by 7.9% in the fourth quarter. State Street Corp now owns 80,116 shares of the industrial products company’s stock worth $427,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Ampco-Pittsburgh in the second quarter valued at approximately $30,000. 49.16% of the stock is currently owned by 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.