Freightcar America Inc. (NASDAQ:RAIL) Director Andrew B. Schmitt purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average price of $11.59 per share, for a total transaction of $115,900.00. Following the purchase, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $243,390. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Freightcar America Inc. (NASDAQ:RAIL) opened at 14.91 on Tuesday. The stock has a market cap of $184.65 million, a price-to-earnings ratio of 7.73 and a beta of 1.59. The stock’s 50 day moving average price is $13.53 and its 200-day moving average price is $14.11. Freightcar America Inc. has a 52 week low of $10.87 and a 52 week high of $24.95.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Thursday, November 17th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, November 15th. Freightcar America’s payout ratio is 18.65%.

A number of institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new position in Freightcar America during the third quarter valued at about $225,000. Two Sigma Advisers LP raised its position in Freightcar America by 94.9% in the third quarter. Two Sigma Advisers LP now owns 38,615 shares of the company’s stock valued at $555,000 after buying an additional 18,800 shares during the last quarter. KCG Holdings Inc. purchased a new position in Freightcar America during the third quarter valued at about $159,000. Springbank Value Partners LP raised its position in Freightcar America by 15.4% in the third quarter. Springbank Value Partners LP now owns 22,500 shares of the company’s stock valued at $324,000 after buying an additional 3,000 shares during the last quarter. Finally, Value Holdings LP raised its position in Freightcar America by 11.0% in the third quarter. Value Holdings LP now owns 50,600 shares of the company’s stock valued at $728,000 after buying an additional 5,000 shares during the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.

RAIL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Freightcar America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Cowen and Company dropped their price target on Freightcar America from $15.00 to $13.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 2nd.

Freightcar America Company Profile

FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.

5 Day Chart for NASDAQ:RAIL

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