Daniel Richard Mazziota Sells 10,000 Shares of AmpliTech Group (NASDAQ:AMPG) Stock

AmpliTech Group, Inc. (NASDAQ:AMPG) Director Daniel Richard Mazziota sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $7.71, for a total transaction of $77,100.00. Following the sale, the director owned 237,743 shares in the company, valued at $1,832,998.53. This trade represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Daniel Richard Mazziota also recently made the following trade(s):

• On Monday, June 22nd, Daniel Richard Mazziota sold 7,157 shares of AmpliTech Group stock. The stock was sold at an average price of $8.46, for a total transaction of $60,548.22.
• On Friday, May 22nd, Daniel Richard Mazziota sold 10,000 shares of AmpliTech Group stock. The shares were sold at an average price of $4.95, for a total transaction of $49,500.00.

AmpliTech Group Price Performance

NASDAQ AMPG opened at $6.98 on Friday. AmpliTech Group, Inc. has a 12 month low of $1.64 and a 12 month high of $10.11. The firm has a market capitalization of $176.87 million, a PE ratio of -22.52 and a beta of -0.18. The company’s 50 day simple moving average is $4.63 and its 200 day simple moving average is $3.49.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Creek Drive Management Group LLC bought a new position in shares of AmpliTech Group in the fourth quarter valued at $1,196,000. Renaissance Technologies LLC boosted its stake in shares of AmpliTech Group by 135.5% during the 1st quarter. Renaissance Technologies LLC now owns 372,600 shares of the company’s stock worth $708,000 after acquiring an additional 214,400 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of AmpliTech Group in the 3rd quarter worth $752,000. Dimensional Fund Advisors LP grew its holdings in shares of AmpliTech Group by 156.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 215,548 shares of the company’s stock worth $410,000 after acquiring an additional 131,599 shares during the last quarter. Finally, Corsair Capital Management L.P. raised its position in shares of AmpliTech Group by 71.7% during the fourth quarter. Corsair Capital Management L.P. now owns 171,722 shares of the company’s stock worth $513,000 after purchasing an additional 71,722 shares during the period. Institutional investors and hedge funds own 10.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMPG. Wall Street Zen raised AmpliTech Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Maxim Group dropped their price target on shares of AmpliTech Group from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AmpliTech Group in a report on Monday, April 20th. 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 data from MarketBeat, AmpliTech Group has an average rating of “Hold” and an average target price of $7.00.

AmpliTech Group Company Profile

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.