Corsair Capital Management L.P. Sells 102,000 Shares of AmpliTech Group, Inc. $AMPG

Corsair Capital Management L.P. cut its holdings in AmpliTech Group, Inc. (NASDAQ:AMPG) by 59.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,722 shares of the company’s stock after selling 102,000 shares during the period. Corsair Capital Management L.P. owned approximately 0.28% of AmpliTech Group worth $132,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of AmpliTech Group in the third quarter valued at approximately $57,000. Millennium Management LLC acquired a new position in AmpliTech Group in the 3rd quarter valued at $73,000. Engineers Gate Manager LP bought a new stake in shares of AmpliTech Group during the 4th quarter valued at $62,000. Legato Capital Management LLC lifted its position in shares of AmpliTech Group by 26.8% during 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 period. Finally, Squarepoint Ops LLC lifted its position in shares of AmpliTech Group by 54.3% during 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 period. 10.99% of the stock is owned by institutional investors.

Insider Activity at AmpliTech Group

In other AmpliTech Group news, COO Jorge Luis Flores sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $5.36, for a total value of $160,800.00. Following the sale, the chief operating officer owned 76,000 shares in the company, valued at $407,360. This trade represents a 28.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel Richard Mazziota sold 10,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $4.95, for a total transaction of $49,500.00. Following the transaction, the director owned 254,900 shares of the company’s stock, valued at $1,261,755. This trade represents a 3.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 107,157 shares of company stock valued at $587,948 in the last quarter. Insiders own 17.12% of the company’s stock.

AmpliTech Group Price Performance

Shares of AMPG stock opened at $5.41 on Monday. The business has a fifty day simple moving average of $6.42 and a 200 day simple moving average of $3.98. The company has a market cap of $137.09 million, a P/E ratio of -17.45 and a beta of -0.26. AmpliTech Group, Inc. has a twelve month low of $1.64 and a twelve month high of $10.11.

AmpliTech Group (NASDAQ:AMPG) last issued 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 business had revenue of $5.35 million for the quarter, compared to analyst estimates of $5.00 million. AmpliTech Group had a negative return on equity of 17.50% and a negative net margin of 24.82%.

Analyst Ratings Changes

A number of research analysts recently commented on AMPG shares. Maxim Group decreased 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. Wall Street Zen raised shares of AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.00.

AmpliTech Group Company Profile

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.