Northpointe Capital LLC Takes Position in Universal Stainless & Alloy Products (USAP)

Northpointe Capital LLC purchased a new position in shares of Universal Stainless & Alloy Products (NASDAQ:USAP) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 57,844 shares of the basic materials company’s stock, valued at approximately $1,476,000.

A number of other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Universal Stainless & Alloy Products by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 613,655 shares of the basic materials company’s stock worth $14,525,000 after acquiring an additional 12,299 shares in the last quarter. BlackRock Inc. raised its position in Universal Stainless & Alloy Products by 1,493.1% in the second quarter. BlackRock Inc. now owns 351,685 shares of the basic materials company’s stock worth $8,324,000 after acquiring an additional 329,609 shares in the last quarter. Hood River Capital Management LLC purchased a new position in Universal Stainless & Alloy Products in the second quarter worth $7,012,000. Boston Partners raised its position in Universal Stainless & Alloy Products by 34.4% in the second quarter. Boston Partners now owns 280,039 shares of the basic materials company’s stock worth $6,629,000 after acquiring an additional 71,682 shares in the last quarter. Finally, 22NW LP raised its position in Universal Stainless & Alloy Products by 20.0% in the second quarter. 22NW LP now owns 217,639 shares of the basic materials company’s stock worth $5,152,000 after acquiring an additional 36,259 shares in the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.

In other news, VP Christopher M. Zimmer sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the transaction, the vice president now owns 23,574 shares in the company, valued at $653,235.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director M. David Kornblatt sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $29.44, for a total value of $73,600.00. Following the completion of the transaction, the director now owns 23,655 shares of the company’s stock, valued at approximately $696,403.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,500 shares of company stock valued at $356,700. Company insiders own 10.30% of the company’s stock.



USAP has been the subject of several research analyst reports. Cowen set a $30.00 price objective on Universal Stainless & Alloy Products and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Universal Stainless & Alloy Products from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, July 25th. ValuEngine upgraded Universal Stainless & Alloy Products from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, BidaskClub cut Universal Stainless & Alloy Products from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.00.

NASDAQ:USAP opened at $18.71 on Friday. The firm has a market capitalization of $195.68 million, a price-to-earnings ratio of 30.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.33 and a quick ratio of 0.81. Universal Stainless & Alloy Products has a 1 year low of $18.53 and a 1 year high of $31.20.

Universal Stainless & Alloy Products (NASDAQ:USAP) last released its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.04). The business had revenue of $69.06 million during the quarter, compared to analysts’ expectations of $70.02 million. Universal Stainless & Alloy Products had a return on equity of 2.92% and a net margin of 6.43%. As a group, sell-side analysts anticipate that Universal Stainless & Alloy Products will post 1.59 EPS for the current year.

Universal Stainless & Alloy Products Profile

Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

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Institutional Ownership by Quarter for Universal Stainless & Alloy Products (NASDAQ:USAP)

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