Creek Drive Management Group LLC Makes New Investment in AmpliTech Group, Inc. $AMPG

Creek Drive Management Group LLC purchased a new stake in AmpliTech Group, Inc. (NASDAQ:AMPG) during the 4th quarter, Holdings Channel reports. The firm purchased 400,000 shares of the company’s stock, valued at approximately $1,196,000.

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC boosted its position in shares of AmpliTech Group by 32.3% during the fourth quarter. Virtu Financial LLC now owns 19,523 shares of the company’s stock worth $58,000 after buying an additional 4,762 shares during the period. XTX Topco Ltd acquired a new stake in AmpliTech Group in the 4th quarter valued at approximately $101,000. Engineers Gate Manager LP acquired a new stake in AmpliTech Group in the 4th quarter valued at approximately $62,000. Corsair Capital Management L.P. raised its stake in AmpliTech Group by 71.7% during the 4th quarter. Corsair Capital Management L.P. now owns 171,722 shares of the company’s stock valued at $513,000 after acquiring an additional 71,722 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in AmpliTech Group during the 4th quarter valued at $181,000. Institutional investors own 10.99% of the company’s stock.

AmpliTech Group Price Performance

AmpliTech Group stock opened at $9.05 on Friday. AmpliTech Group, Inc. has a 12-month low of $1.64 and a 12-month high of $10.11. The stock has a market capitalization of $229.25 million, a PE ratio of -29.18 and a beta of -0.18. The firm has a 50 day simple moving average of $4.18 and a 200-day simple moving average of $3.37.

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

Insider Buying and Selling at AmpliTech Group

In other news, Director Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group 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 directly owned 254,900 shares in the company, valued at approximately $1,261,755. This trade represents a 3.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jorge Luis Flores sold 30,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $5.36, for a total value of $160,800.00. Following the completion of the sale, the chief operating officer directly owned 76,000 shares in the company, valued at $407,360. This represents a 28.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 90,000 shares of company stock valued at $450,300. 17.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMPG has been the subject of a number of analyst reports. Wall Street Zen upgraded AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings restated a “sell (d-)” rating on shares of AmpliTech Group in a research note on Monday, April 20th. Finally, Maxim Group cut their price objective on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. 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 stock has an average rating of “Hold” and an average target price of $7.00.

About AmpliTech Group

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.