Creek Drive Management Group LLC Takes Position in AmpliTech Group, Inc. $AMPG

Creek Drive Management Group LLC purchased a new position in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 400,000 shares of the company’s stock, valued at approximately $1,196,000. Creek Drive Management Group LLC owned about 1.74% of AmpliTech Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of AMPG. Virtu Financial LLC acquired a new stake in AmpliTech Group during the third quarter valued at approximately $57,000. Millennium Management LLC acquired a new position in shares of AmpliTech Group in the 3rd quarter worth approximately $73,000. Engineers Gate Manager LP acquired a new position in shares of AmpliTech Group in the 4th quarter worth approximately $62,000. Legato Capital Management LLC increased its holdings in shares of AmpliTech Group by 26.8% in the 4th quarter. Legato Capital Management LLC now owns 20,675 shares of the company’s stock valued at $62,000 after acquiring an additional 4,376 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of AmpliTech Group by 54.3% in the 3rd quarter. Squarepoint Ops LLC now owns 22,276 shares of the company’s stock valued at $87,000 after acquiring an additional 7,837 shares during the last quarter. 10.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Maxim Group dropped their price target on AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.00.

Insider Buying and Selling

In other AmpliTech Group news, COO Jorge Luis Flores sold 30,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $5.36, for a total value of $160,800.00. Following the sale, the chief operating officer directly owned 76,000 shares in the company, valued at approximately $407,360. This trade represents a 28.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel Richard Mazziota sold 10,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $4.95, for a total transaction of $49,500.00. Following the transaction, the director directly owned 254,900 shares of the company’s stock, valued at approximately $1,261,755. This trade represents a 3.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,000 shares of company stock worth $450,300 in the last three months. 17.12% of the stock is owned by insiders.

AmpliTech Group Stock Up 0.6%

Shares of NASDAQ AMPG opened at $9.05 on Friday. The firm’s 50-day moving average price is $4.18 and its two-hundred day moving average price is $3.37. AmpliTech Group, Inc. has a 52-week low of $1.64 and a 52-week high of $10.11. The stock has a market capitalization of $229.25 million, a P/E ratio of -29.18 and a beta of -0.18.

AmpliTech Group (NASDAQ:AMPG) last posted its earnings results on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.00 million. AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%.

About AmpliTech Group

AmpliTech Group, Inc is a design, development and manufacturing company specializing in high-performance RF and microwave components and subsystems. Headquartered in Lancaster, Pennsylvania, the company focuses on delivering ruggedized solutions for demanding applications in defense, aerospace, satellite communications and industrial test and measurement. AmpliTech’s products are engineered to meet stringent military and commercial standards, making them well-suited for mission-critical environments.

The company’s product portfolio includes high-power amplifiers, low-noise amplifiers, filters, frequency converters and integrated assemblies.