Ampco-Pittsburgh (NYSE:AP) Insider Samuel Lyon Sells 9,500 Shares

Ampco-Pittsburgh Corporation (NYSE:AP) insider Samuel Lyon sold 9,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $9.82, for a total transaction of $93,290.00. Following the sale, the insider owned 181,233 shares of the company’s stock, valued at approximately $1,779,708.06. The trade was a 4.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Samuel Lyon also recently made the following trade(s):

• On Thursday, June 18th, Samuel Lyon sold 547 shares of Ampco-Pittsburgh stock. The shares were sold at an average price of $11.30, for a total value of $6,181.10.

Ampco-Pittsburgh Stock Down 4.6%

AP stock opened at $9.31 on Friday. The stock has a fifty day moving average of $10.65 and a 200-day moving average of $8.03. Ampco-Pittsburgh Corporation has a fifty-two week low of $1.75 and a fifty-two week high of $12.81. The company has a market capitalization of $189.27 million, a price-to-earnings ratio of -2.77 and a beta of 1.23. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.01 and a current ratio of 1.75.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). The business had revenue of $103.13 million for the quarter, compared to analysts’ expectations of $84.90 million. Ampco-Pittsburgh had a negative net margin of 15.53% and a negative return on equity of 7.56%.

Institutional Investors Weigh In On Ampco-Pittsburgh

Several large investors have recently added to or reduced their stakes in AP. Jane Street Group LLC bought a new position in Ampco-Pittsburgh in the second quarter valued at $30,000. Group One Trading LLC bought a new stake in Ampco-Pittsburgh during the second quarter worth about $43,000. PNC Financial Services Group Inc. boosted its holdings in shares of Ampco-Pittsburgh by 164.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,600 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 4,100 shares in the last quarter. Belvedere Trading LLC bought a new position in shares of Ampco-Pittsburgh during the 4th quarter valued at about $55,000. Finally, Citadel Advisors LLC purchased a new position in shares of Ampco-Pittsburgh during the 3rd quarter valued at about $72,000. Institutional investors own 49.16% of the company’s stock.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.