66,310 Shares in Freightcar America, Inc. $RAIL Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC purchased a new position in Freightcar America, Inc. (NASDAQ:RAIL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 66,310 shares of the transportation company’s stock, valued at approximately $734,000. Penn Capital Management Company LLC owned about 0.35% of Freightcar America as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Freightcar America by 2.2% in the third quarter. Vanguard Group Inc. now owns 631,029 shares of the transportation company’s stock worth $6,171,000 after acquiring an additional 13,301 shares during the last quarter. Ancora Advisors LLC lifted its stake in Freightcar America by 12.9% in the third quarter. Ancora Advisors LLC now owns 328,921 shares of the transportation company’s stock worth $3,217,000 after acquiring an additional 37,530 shares during the last quarter. Minerva Advisors LLC lifted its stake in Freightcar America by 3.3% in the fourth quarter. Minerva Advisors LLC now owns 267,046 shares of the transportation company’s stock worth $2,956,000 after acquiring an additional 8,500 shares during the last quarter. Marshall Wace LLP lifted its stake in Freightcar America by 12.2% in the second quarter. Marshall Wace LLP now owns 238,331 shares of the transportation company’s stock worth $2,054,000 after acquiring an additional 25,895 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in Freightcar America in the third quarter worth approximately $2,007,000. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RAIL. Wall Street Zen downgraded shares of Freightcar America from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings upgraded shares of Freightcar America from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Freightcar America Price Performance

Shares of Freightcar America stock opened at $7.75 on Thursday. The firm’s fifty day simple moving average is $8.28 and its 200-day simple moving average is $9.91. The stock has a market capitalization of $148.34 million, a price-to-earnings ratio of 10.47 and a beta of 1.55. Freightcar America, Inc. has a 12 month low of $7.27 and a 12 month high of $14.90.

Freightcar America (NASDAQ:RAIL) last announced its earnings results on Monday, May 4th. The transportation company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The business had revenue of $64.31 million during the quarter, compared to analyst estimates of $74.60 million. Freightcar America had a net margin of 6.25% and a negative return on equity of 15.56%. Analysts anticipate that Freightcar America, Inc. will post 0.41 earnings per share for the current year.

Freightcar America Company Profile

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.