Ampco-Pittsburgh Co. (NYSE:AP) Major Shareholder Louis Berkman Investment Co Purchases 551,604 Shares of Stock

Ampco-Pittsburgh Co. (NYSE:APGet Rating) major shareholder Louis Berkman Investment Co bought 551,604 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was bought at an average cost of $2.50 per share, for a total transaction of $1,379,010.00. Following the acquisition, the insider now owns 3,034,793 shares of the company’s stock, valued at approximately $7,586,982.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ampco-Pittsburgh Trading Up 1.7 %

Shares of AP stock opened at $2.91 on Thursday. The business’s fifty day moving average price is $3.39 and its 200 day moving average price is $3.90. Ampco-Pittsburgh Co. has a 1-year low of $2.75 and a 1-year high of $6.67. The company has a quick ratio of 0.94, a current ratio of 1.72 and a debt-to-equity ratio of 1.06.

Institutional Trading of Ampco-Pittsburgh

Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Ampco-Pittsburgh by 15.7% during the second quarter. NewEdge Advisors LLC now owns 22,146 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 3,000 shares in the last quarter. James Investment Research Inc. lifted its position in shares of Ampco-Pittsburgh by 15.7% in the second quarter. James Investment Research Inc. now owns 22,146 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 3,000 shares in the last quarter. State Street Corp lifted its position in shares of Ampco-Pittsburgh by 6.1% in the first quarter. State Street Corp now owns 38,516 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 2,209 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ampco-Pittsburgh by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 660,448 shares of the industrial products company’s stock valued at $4,167,000 after acquiring an additional 13,025 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA purchased a new stake in shares of Ampco-Pittsburgh in the first quarter valued at $4,236,000. 45.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Ampco-Pittsburgh in a report on Monday. They set a “buy” rating on the stock.

About Ampco-Pittsburgh

(Get Rating)

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing. The FCEG segment produces forged hardened steel rolls that are used in cold rolling mills by producers of steel, aluminum, and other metals; cast rolls for hot and cold strip, medium/heavy section, hot strip finishing, roughing, and plate mills in various iron and steel qualities; and forged engineered products for use in the steel distribution, oil and gas, and aluminum and plastic extrusion industries.

Further Reading

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