Walthausen & Co. LLC grew its position in shares of Universal Stainless & Alloy Products (NASDAQ:USAP) by 6.9% in the 1st quarter, Holdings Channel reports. The fund owned 68,670 shares of the basic materials company’s stock after acquiring an additional 4,420 shares during the period. Walthausen & Co. LLC’s holdings in Universal Stainless & Alloy Products were worth $1,138,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in shares of Universal Stainless & Alloy Products by 322.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,776 shares of the basic materials company’s stock valued at $29,000 after buying an additional 1,356 shares in the last quarter. Rhumbline Advisers purchased a new position in Universal Stainless & Alloy Products in the fourth quarter valued at about $186,000. Municipal Employees Retirement System of Michigan purchased a new position in Universal Stainless & Alloy Products in the fourth quarter valued at about $229,000. Wells Fargo & Company MN boosted its holdings in Universal Stainless & Alloy Products by 11.8% in the first quarter. Wells Fargo & Company MN now owns 14,854 shares of the basic materials company’s stock valued at $246,000 after purchasing an additional 1,569 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Universal Stainless & Alloy Products in the first quarter valued at about $270,000. Institutional investors own 86.35% of the company’s stock.

USAP traded up $0.22 on Tuesday, reaching $13.44. The company’s stock had a trading volume of 205 shares, compared to its average volume of 48,469. The company has a market capitalization of $115.41 million, a P/E ratio of 11.02 and a beta of 1.43. Universal Stainless & Alloy Products has a 1 year low of $12.53 and a 1 year high of $30.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.81 and a current ratio of 3.73.

Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). The business had revenue of $60.27 million during the quarter, compared to analysts’ expectations of $65.41 million. Universal Stainless & Alloy Products had a net margin of 3.87% and a return on equity of 3.93%. As a group, equities research analysts forecast that Universal Stainless & Alloy Products will post 1.27 earnings per share for the current fiscal year.

A number of research analysts recently commented on USAP shares. Zacks Investment Research raised Universal Stainless & Alloy Products from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a report on Thursday, March 28th. ValuEngine downgraded Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th.

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Universal Stainless & Alloy Products Company Profile

Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

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Institutional Ownership by Quarter for Universal Stainless & Alloy Products (NASDAQ:USAP)

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