Ampco-Pittsburgh Corp (NYSE:AP) Director James J. Abel bought 7,000 shares of the company’s stock in a transaction on Friday, November 30th. The stock was purchased at an average cost of $4.12 per share, for a total transaction of $28,840.00. Following the completion of the transaction, the director now directly owns 24,266 shares of the company’s stock, valued at approximately $99,975.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYSE AP traded down $0.13 during trading on Thursday, hitting $3.91. The company had a trading volume of 16,373 shares, compared to its average volume of 63,749. The company has a quick ratio of 0.80, a current ratio of 1.44 and a debt-to-equity ratio of 0.21. Ampco-Pittsburgh Corp has a 12 month low of $3.55 and a 12 month high of $15.65. The company has a market capitalization of $50.48 million, a P/E ratio of -4.60 and a beta of 2.12.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings data on Thursday, November 8th. The industrial products company reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.01). Ampco-Pittsburgh had a negative return on equity of 6.73% and a negative net margin of 2.62%. The company had revenue of $112.22 million during the quarter, compared to the consensus estimate of $109.00 million. Research analysts anticipate that Ampco-Pittsburgh Corp will post -1.13 EPS for the current year.

Several brokerages have issued reports on AP. Zacks Investment Research raised Ampco-Pittsburgh from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Janney Montgomery Scott set a $5.00 price objective on Ampco-Pittsburgh and gave the stock a “hold” rating in a research note on Tuesday, October 2nd.

Several hedge funds and other institutional investors have recently bought and sold shares of AP. Alambic Investment Management L.P. bought a new stake in Ampco-Pittsburgh during the 3rd quarter valued at approximately $108,000. LMR Partners LLP bought a new stake in Ampco-Pittsburgh during the 2nd quarter valued at approximately $271,000. Paloma Partners Management Co bought a new stake in Ampco-Pittsburgh during the 2nd quarter valued at approximately $435,000. Fondren Management LP bought a new stake in Ampco-Pittsburgh during the 2nd quarter valued at approximately $1,041,000. Finally, Quantum Capital Management raised its stake in Ampco-Pittsburgh by 20.9% during the 3rd quarter. Quantum Capital Management now owns 215,632 shares of the industrial products company’s stock valued at $1,272,000 after purchasing an additional 37,217 shares during the period. 51.16% of the stock is currently owned by hedge funds and other institutional investors.

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Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in cold rolling by producers of steel, aluminum, and other metals; ingot and open-die forged products for use in the oil and gas, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, hot strip finishing, roughing mills, and plate mills in various iron and steel qualities.

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Insider Buying and Selling by Quarter for Ampco-Pittsburgh (NYSE:AP)

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