Ampco-Pittsburgh Corporation $AP Shares Bought by Sei Investments Co.

Sei Investments Co. increased its position in Ampco-Pittsburgh Corporation (NYSE:AP) by 104.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,336 shares of the industrial products company’s stock after acquiring an additional 94,002 shares during the period. Sei Investments Co. owned approximately 0.91% of Ampco-Pittsburgh worth $1,239,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted its position in Ampco-Pittsburgh by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,470,828 shares of the industrial products company’s stock worth $13,170,000 after purchasing an additional 86,618 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Ampco-Pittsburgh by 1.7% in the fourth quarter. Gabelli Funds LLC now owns 1,404,300 shares of the industrial products company’s stock valued at $7,485,000 after buying an additional 23,500 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Ampco-Pittsburgh by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock worth $3,433,000 after buying an additional 33,950 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ampco-Pittsburgh by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock worth $1,529,000 after buying an additional 38,021 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ampco-Pittsburgh by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 355,427 shares of the industrial products company’s stock worth $2,388,000 after buying an additional 20,454 shares in the last quarter. 49.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ampco-Pittsburgh

In other news, CEO Brett Mcbrayer bought 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of $9.03 per share, for a total transaction of $29,799.00. Following the completion of the transaction, the chief executive officer owned 557,694 shares in the company, valued at $5,035,976.82. The trade was a 0.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Samuel Lyon sold 9,500 shares of Ampco-Pittsburgh 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 completion of the sale, the insider directly owned 181,233 shares of the company’s stock, valued at $1,779,708.06. The trade was a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 23.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Ampco-Pittsburgh from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Ampco-Pittsburgh Trading Up 12.9%

Ampco-Pittsburgh stock opened at $9.79 on Wednesday. The stock has a 50-day moving average price of $9.15 and a 200 day moving average price of $8.86. Ampco-Pittsburgh Corporation has a 52 week low of $1.75 and a 52 week high of $12.81. The stock has a market cap of $198.95 million, a PE ratio of -2.91 and a beta of 1.30. The company has a current ratio of 1.75, a quick ratio of 1.01 and a debt-to-equity ratio of 2.42.

Ampco-Pittsburgh (NYSE:AP) last released its earnings results on Tuesday, August 11th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $97.90 million during 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%.

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.