American Superconductor Co. (NASDAQ:AMSC) CEO Daniel P. Mcgahn Sells 20,559 Shares

American Superconductor Co. (NASDAQ:AMSC) CEO Daniel P. Mcgahn sold 20,559 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $14.82, for a total transaction of $304,684.38. Following the completion of the transaction, the chief executive officer now owns 1,057,121 shares of the company’s stock, valued at $15,666,533.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

American Superconductor Stock Up 6.3 %

Shares of American Superconductor stock opened at $16.06 on Friday. The company has a market cap of $493.68 million, a P/E ratio of -27.22 and a beta of 1.97. The firm’s 50 day moving average price is $13.21 and its 200-day moving average price is $11.94. American Superconductor Co. has a 52-week low of $3.92 and a 52-week high of $17.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new stake in American Superconductor in the third quarter valued at about $371,000. Jump Financial LLC raised its holdings in shares of American Superconductor by 196.0% in the third quarter. Jump Financial LLC now owns 85,300 shares of the technology company’s stock worth $644,000 after buying an additional 56,479 shares during the last quarter. Barclays PLC lifted its stake in shares of American Superconductor by 640,100.0% during the third quarter. Barclays PLC now owns 25,608 shares of the technology company’s stock worth $193,000 after buying an additional 25,604 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of American Superconductor during the third quarter valued at $5,291,000. Finally, Invesco Ltd. grew its holdings in shares of American Superconductor by 58.9% during the third quarter. Invesco Ltd. now owns 873,006 shares of the technology company’s stock valued at $6,591,000 after buying an additional 323,472 shares during the last quarter. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.