Ampco-Pittsburgh Corp (NYSE:AP) Director Carl H. Pforzheimer II Buys 13,762 Shares

Ampco-Pittsburgh Corp (NYSE:AP) Director Carl H. Pforzheimer II acquired 13,762 shares of Ampco-Pittsburgh stock in a transaction dated Friday, June 26th. The shares were bought at an average price of $2.83 per share, for a total transaction of $38,946.46. Following the transaction, the director now owns 43,762 shares of the company’s stock, valued at $123,846.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of AP stock traded up $0.02 on Tuesday, reaching $2.89. The company’s stock had a trading volume of 410 shares, compared to its average volume of 80,324. The stock’s fifty day simple moving average is $3.21 and its 200-day simple moving average is $3.00. Ampco-Pittsburgh Corp has a 1 year low of $1.94 and a 1 year high of $4.50. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $38.74 million, a price-to-earnings ratio of -20.50 and a beta of 1.36.

Ampco-Pittsburgh (NYSE:AP) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.17. Ampco-Pittsburgh had a negative net margin of 0.44% and a positive return on equity of 11.84%. The firm had revenue of $91.06 million during the quarter, compared to analyst estimates of $103.30 million. Equities research analysts forecast that Ampco-Pittsburgh Corp will post -0.54 earnings per share for the current year.

Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Zacks Investment Research cut shares of Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research report on Monday, May 18th.

An institutional investor recently raised its position in Ampco-Pittsburgh stock. Gabelli Funds LLC boosted its position in shares of Ampco-Pittsburgh Corp (NYSE:AP) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 479,000 shares of the industrial products company’s stock after buying an additional 31,000 shares during the quarter. Gabelli Funds LLC owned 3.79% of Ampco-Pittsburgh worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 45.87% of the company’s stock.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users in the United States and internationally. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing.

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