FNY Investment Advisers LLC Buys New Stake in AmpliTech Group, Inc. $AMPG

FNY Investment Advisers LLC purchased a new position in shares of AmpliTech Group, Inc. (NASDAQ:AMPG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 92,500 shares of the company’s stock, valued at approximately $643,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Creek Drive Management Group LLC acquired a new position in AmpliTech Group in the fourth quarter valued at $1,196,000. Renaissance Technologies LLC increased its position in shares of AmpliTech Group by 135.5% during the first quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock worth $708,000 after purchasing an additional 214,400 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of AmpliTech Group by 156.8% during the first quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after purchasing an additional 131,599 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of AmpliTech Group by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 194,620 shares of the company’s stock valued at $582,000 after purchasing an additional 7,874 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of AmpliTech Group in the 3rd quarter valued at about $752,000. 10.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Jorge Luis Flores sold 30,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $5.36, for a total value of $160,800.00. Following the transaction, the chief operating officer owned 76,000 shares in the company, valued at $407,360. The trade was a 28.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Louisa Sanfratello sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.80, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer owned 60,000 shares in the company, valued at $288,000. This trade represents a 45.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 107,157 shares of company stock valued at $587,948 over the last quarter. 17.12% of the stock is currently owned by insiders.

AmpliTech Group Price Performance

Shares of NASDAQ:AMPG opened at $5.43 on Friday. AmpliTech Group, Inc. has a 1-year low of $1.64 and a 1-year high of $10.11. The stock has a market cap of $137.60 million, a P/E ratio of -17.52 and a beta of -0.20. The firm has a fifty day moving average price of $6.48 and a 200 day moving average price of $4.07.

AmpliTech Group (NASDAQ:AMPG) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). AmpliTech Group had a negative net margin of 24.82% and a negative return on equity of 17.50%. The business had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.00 million.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMPG. Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, AmpliTech Group currently 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.