FreightCar America, Inc. (NASDAQ:RAIL) Director Malcolm F. Moore bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average price of $6.35 per share, with a total value of $25,400.00. Following the completion of the transaction, the director now directly owns 25,913 shares of the company’s stock, valued at approximately $164,547.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NASDAQ RAIL traded down $0.05 during trading hours on Monday, hitting $6.11. 13,403 shares of the company’s stock traded hands, compared to its average volume of 96,858. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $77.59 million, a price-to-earnings ratio of -3.43 and a beta of 1.54. FreightCar America, Inc. has a 52 week low of $6.05 and a 52 week high of $20.14.
FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported ($1.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.64). The firm had revenue of $70.71 million during the quarter, compared to the consensus estimate of $65.40 million. FreightCar America had a negative return on equity of 14.67% and a negative net margin of 15.85%. Sell-side analysts predict that FreightCar America, Inc. will post -2.07 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP boosted its position in shares of FreightCar America by 13.7% in the fourth quarter. Royce & Associates LP now owns 1,554,096 shares of the transportation company’s stock worth $10,397,000 after purchasing an additional 187,186 shares during the period. Boston Partners boosted its position in shares of FreightCar America by 13.3% in the fourth quarter. Boston Partners now owns 1,152,750 shares of the transportation company’s stock worth $7,712,000 after purchasing an additional 135,652 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of FreightCar America by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,046,931 shares of the transportation company’s stock worth $6,449,000 after purchasing an additional 8,503 shares during the period. BlackRock Inc. boosted its position in shares of FreightCar America by 14.1% in the fourth quarter. BlackRock Inc. now owns 969,830 shares of the transportation company’s stock worth $6,489,000 after purchasing an additional 119,694 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of FreightCar America by 0.3% in the first quarter. Wells Fargo & Company MN now owns 757,713 shares of the transportation company’s stock worth $4,663,000 after purchasing an additional 2,496 shares during the period. Institutional investors and hedge funds own 86.25% of the company’s stock.
About FreightCar America
FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. It operates through two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.
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